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June 19, 2012

USD/CAD: Hourly falling wedge continues to evolve - MIG Bank

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USD/CAD is exhibiting the possible early formation of a falling wedge in the hourly timeframe, with scope for a push under the 1.0200 region. A test of wedge support is now favoured ahead of any potential strength. Given our long USD bias we would look to buy a break under the edge support, ... FF News: Technical

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