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Theodore, Saskatchewan | Peter,
The canadian dollar has been following a downtrend channel for a long time now. Hope the lines on the first chart sort of make sense. Little tired tonight to give a long explanation. You can see the small fork projection met on the rally in july. To continue downtrend the target will be roughly .933.
On this last little swing though I used a mod schiff which has the projection met. Watch for that new low on this move or else signaling an end to the downtrend.
Good luck.
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Hey Maydel
