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  • US, EU said to reach deal to suspend Boeing-Airbus tariffs. $USD $EUR
  • #Silver hit a fresh one month low today. The precious metal is currently trading right around the 25.00 level, its lowest point since late January. $XAG $SLV https://t.co/DhVcp7ULYO
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  • US Indices are currently mixed, paring their earlier morning gains as the trading session advances. The Nasdaq continues to lead the decline. DOW +0.08% NDX -1.41% SPX -0.32% RUT -0.95% $DIA $QQQ $SPY $IWM
  • Rising bond yields keep the USD supported as market sentiment turns negative BTC/USD looking vulnerable to further downside pressure. Get your $btc market update from @HathornSabin here:https://t.co/XyrDPZ13N7 https://t.co/xVbeYd4DHh
  • $EURUSD is still sliding. US 10-year yields haven't really relented an a favorable fundamental wind from NFPs isn't exactly going to hurt the Dollar. Overlaid is the inverted implied Fed rate changes (+18 bps in hikes) through end of 2022 https://t.co/d4IQ6UosVv
  • $USD resistance putting up a fight around $NFP shorter-term, big question is whether buyers can hold up support around this level through today, lots of jostling on st charts (img 2) $DXY https://t.co/htIr1GaOvd https://t.co/bJPA6UeVGV
Forex Analysis: USD/CAD Classic Technical Report 01.15.2013

Forex Analysis: USD/CAD Classic Technical Report 01.15.2013

Ilya Spivak, Head Strategist, APAC

Prices are testing support at 0.9826, the 61.8% Fibonacci expansion. A break below that targets the 76.4% level at 0.9792, a barrier reinforced by the 0.98 figure. Near-term resistance is at 0.9853, the 50% Fib, with a bounce above that eyeing the 38.2% expansion at 0.9880.

Forex_Analysis_USDCAD_Classic_Technical_Report_01.15.2013_body_Picture_1.png, Forex Analysis: USD/CAD Classic Technical Report 01.15.2013

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

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