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Canadian Dollar Trendline at Risk
Written by article default Monday, 04 October 2010 05:00
Daily Bars
A multi month triangle support line is holding (on a closing basis) as support. At minimum, I am looking higher to 10515 in wave e of the triangle. Bears will have the opportunity to short the wave e rally for an expected break below 10100 and probably 9900. The wave e rally should begin soon (if it’s to begin at all). Price needs to remain above 10105 in order for the near term bullish bias (wave e up towards 10515) to remain intact.
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