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Bullish
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US Dollar Rip, Dip, Rip Around CPI: EUR/USD, USD/CAD
2021-05-12 16:45:00
EUR/USD Rally Stalls Ahead of February High Even as ECB Slows PEPP
2021-05-12 14:00:00
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Oil Price Stuck in May Opening Range After Failing to Test March High
2021-05-13 14:00:00
Crude Oil Prices at Risk if US PPI Data Echoes the Consumer Inflation Beat
2021-05-13 06:00:00
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Dow Jones Analysis: Stocks Rebound From Recent Losses as Disney Earnings Disappoint
2021-05-13 20:30:00
Why a Rise in Retail Trading May Signal Another Mania
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Gold Price Forecast: Progressing Towards Multi-Month Resistance - Levels for XAU/USD
2021-05-13 19:00:00
Is Gold a Good Inflation Hedge? - XAU/USD Rejected at Key Trendline, Focus on US PPI
2021-05-13 08:00:00
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Pound Technical Outlook: GBP/USD Testing Support, Trend
2021-05-13 12:30:00
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2021-05-12 06:13:00
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US Dollar Outlook: DXY Index Eyes Retail Sales Data, Yields
2021-05-13 22:30:00
US Dollar Rockets Higher as Inflation Spikes to 4.2% in April
2021-05-12 13:15:00
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USDCAD Classic Technical Report 07.13.2012

USDCAD Classic Technical Report 07.13.2012

Ilya Spivak, Head Strategist, APAC

Prices are drifting lower toward support in the 1.0051-1.0101 area. Near-term resistance lines up at 1.0265, the upper boundary of a falling channel set from the June 1 swing high, with a break above that exposing 1.0318. A breach of support exposes the parity figure and 0.9953.

USDCAD_Classic_Technical_Report_07.13.2012_body_Picture_5.png, USDCAD Classic Technical Report 07.13.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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