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Forex Trading: USD/CAD testing its trendline for the 3rd time...

Posted by Michael FX on Fri, 05/30/2008 - 6:47am in

USD/CAD testing its trendline for the 3rd time. It's unclear at this point whether it will hold. If Crude is bid in early NY, we could see this pair much lower, perhaps to the base of the current upwave. Stochastics are making it look heavy.

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