USD/CAD Technical Analysis 05.10.2013
USD/CAD Technical Analysis– Prices put in a bullish Morning Star candlestick pattern above support at a rising trend line set from mid-September 2012, hinting a move higher is ahead. Near-term resistance is at 1.0090, the 14.6% Fibonacci expansion. A break higher initially exposes the 23.6% level at 1.0137. Trend line support is now at 1.0017.
Daily Chart - Created Using FXCM Marketscope 2.0
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