Forex Strategy: USD/CAD Recoiling from Key Support
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- USD/CAD Technical Strategy: Flat
- Prices are testing above resistance at 1.0412 (23.6% Fibonacci expansion)
- Breaking higher exposes 1.0554 (38.2% Fib); trend line support is now at 1.0273
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Weekly Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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