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Canadian Dollar Technical Outlook
Monday, 10 August 2009 14:47:45 GMT  |  Jamie Saettele, Senior Currency Strategist
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The entire rally from 1.0782 has now been retraced. However, the drop below 1.0782 may be wave Y in a complex W-X-Y corrective decline from 1.3068. Daily RSI has turned up from oversold (which was also divergent with the low). An impulsive rally from the low would be evidence of an outright reversal.

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