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Tuesday, November 14, 2006

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GBPCAD currency pair after 2 months of consolidation has broken resistance and retraced setting up a nice entry to buy GBPCAD on a break of 2.1673. An ascending triangle supported by a bullish relationship between the MACD and Stochastics suggest a swing high to projected target area of 2.2120 – 2.2235 is feasible.