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USDCAD Approaching Resistance
Thursday, 04 December 2008 21:57:15 GMT
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The USDCAD is nearing resistance from the 11/20 high at 1.2993. The drop from 1.2993 counts as an impulse (5 waves), indicating that the rally from 1.2120 may be fully retraced. Any bearish bias is negated on a push through 1.2993.
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