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USD/CAD Hovering Above 1.0800

Discussion in 'Technical Analysis' started by ActionForex.com, Jun 2, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    As the USD continues to weaken, the Canadian dollar continues to gain ground vs its neighboring cousin. The USD/CAD has recently completed a retracement to the 38.2% Fibonacci level and is currently looking to continue its downward trend.

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