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Old 09-04-2008, 01:49 PM   #1
Action Forex
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Default USD/CAD Mid-Day Outlook

USD/CAD's retreat from 1.0776 is still in progress and at this point, intraday bias is still mildly on the downside as long as 1.0645 minor resistance holds. Further retreat could be seen to 1.0410 cluster support (38.2% retracement of 0.9823 to 1.0776 at 1.0412), where focus is on. As long...

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