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Canadian Dollar Technical Outlook Canadian Dollar Technical Outlook
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Old 09-05-2008, 03:21 PM
DailyFx's Avatar
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Join Date: Jan 2007
Posts: 10,134
Default Canadian Dollar Technical Outlook
The outside day along with RSI divergence suggests with a high probability that a top is in place.



“The high of 1.0775 was just pips away from an important Fibonacci confluence at 1.0791/98 (61.8% ext. of the .9055-1.0378 advance) and 61.8% retrace of the decline from 1.1875 to .9055. A return to the center of the triangle near parity is probably underway now (at minimum).”
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