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Forex Market Outlook for July 27, 2009

Posted, by traderplanet on July 27th, 2009

Most forex pairs are at the top or bottom of their respective ranges that have been in play for several months.

On the usa/cad pair we have and oversold signal that has not been seen for over a year on the Vanatage Point software suggesting a massive correction is likely in the days ahead.

The USAD Index to start the week suggests weakness in the dollar however by mid week this should reverse.

Authored by, traderplanet
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