Forex Strategy: USD/CAD Breakout at Hand?
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- USD/CAD Technical Strategy: Flat, waiting for confirmation
- Prices are testing above 1.0554 (38.2% Fib exp.); breaking higher eyes 1.0669 (50% Fib)
- Reversing below 1.0493 (falling trend line) exposes 1.0412 (23.6% Fib expansion)
Confirm your chart-based trade setups with the Technical Analyzer.
Weekly Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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