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AUDCAD - Further extends losses through.......>

FOREX
FOREX: AUDCAD - Further extends losses through Europe (See MNI Analysis email -
Oil surge and NAFTA agreement pressure AUDCAD). The move back under C$0.9200 and
subsequent break of channel base support suggests the downtrend is set to
resume, with bears targeting the psychological C$0.9000 area. A break is likely
to accelerate the move opening the long-term 50% retracement level of the Dec
2008 low - March 2012 high at C$0.8978.

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