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$/Cad, Caught the Tumble.....

Discussion in 'Technical Analysis' started by ActionForex.com, Jul 18, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    In the July 9th email on $/cad, said to short (then at 1.1625) as the numerous negatives suggested that the market was topping. The market did indeed tumble soon after, accelerating below key support at both the multi-week rising wedge and the bullish trendline since June (see daily chart below),...

    complete article here...

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