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February 20, 2012

USDCAD: Biased To The Downside, Further Declines Envisaged

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USDCAD: Outlook for USDCAD continues to point lower following its inability to follow through higher the past week. This development now leaves the pair vulnerable to the downside towards the 0.9890 level, its Oct 27'2011 high. However, it will have to decisively break and hold below the 0.9923... FF News: Technical

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