Forex Analysis: USD/CAD Classic Technical Report 01.04.2013
Prices are rebounding from support at 0.9844, the 50% Fibonacci retracement. Near-term resistance is at 0.9894, the 38.2% retracement, with a push above that aiming for the December 28 swing high at 0.9969. Alternatively, a reversal below support targets the 61.8% Fib at 0.9794.
Daily Chart - Created Using FXCM Marketscope 2.0
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