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Canadian Dollar Technical Outlook Canadian Dollar Technical Outlook
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Old 09-22-2008, 12:10 PM
DailyFx's Avatar
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Default Canadian Dollar Technical Outlook
I wrote last week to “expect a break below 1.0566 soon and much lower prices going forward. The USDCAD should remain below 1.0731.”



The pair has broken to the downside and is not below 1.04. Rallies should prove countertrend and significant support in not until near 1.00. Price should remain below 1.0674.
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