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Dollar/Cad Reversal Day Puts Us Back on Breakout Watch

Discussion in 'Technical Analysis' started by ActionForex.com, Feb 25, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    We have seen an ongoing contraction in volatility to the point where we have reached the apex of a very prominent triangle that has defined trade since late October. Falling triangle resistance comes in at 1.2645 and we will be looking for a daily close above the latter to confirm...

    complete article here...
     
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