03 December, 2008
Canadian Dollar Technical Outlook
The rally from just below 1.15 is in 5 waves and could be a truncated 5th wave.
If
so, then a correction back to at least 1.15 and possibly lower is
underway now. The drop from 1.2993 to 1.2120 is in 5 waves, which is
bearish. Price should remain below 1.2993.
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