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CAD/JPY: Major Technical Break

BY KATHY LIEN | JUNE 22, 2009 | 11:42 AM | 0 COMMENTS
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We have a major technical break in CAD/JPY this morning. The currency pair has broken below trend line support, the 50-day SMA and the 23.6% Fibonacci retracement of the year to date rally. Next stop could be 81.50. Lower oil prices are playing a big role in the move. Read all about it in my article today Currency Traders: All Eyes on Commodities



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