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AUD/CAD: Ready to Explode Higher

Wednesday, 19 September 2007 18:06:29 GMT

Written by Jamie Saettele, Technical Currency Strategist

We have been tracking the AUDCAD for well over a year and the wave structure indicates that it is finally time to take action.  Patterns that span years indicate that the AUD/CAD is headed to parity and beyond over the next year (currently at .8660).  Risk is well defined as is the target.

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