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USD/CAD Trades into 2007 High

08 Jan 2015 20:28, GMT
Jamie Saettele, CMT, Sr. Technical Strategist

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Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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-USDCAD faces the 2007 high at 1.1875, the 61.8% extension of the 2007-2009 rally from the 2011 low at 1.1882, and several upward sloping parallels. Weakness under 1.1730 would give scope to a period of consolidation or larger pullback.

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