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USDCAD: Clears The 1.1475 Level

Discussion in 'Technical Analysis' started by ActionForex.com, Jun 22, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    As corrective recovery started at the 1.0784 level continues to build upside momentum, USDCAD was seen heading sharply higher to breaking through the 1.1475 level, its May 11’09 low and opening potential higher prices towards its May 18’09 high at 1.1812. Its daily RSI remains supportive of this view.While this...

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