Forex: USD/CAD Technical Analysis – Buyers Take Aim at July Top
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- Break above at 1.0542 (50% Fib expansion) hints bearish Shooting Starnegated
- Bulls now aim to challenge the 1.0608-13 area (July 5 swing high, 61.8% Fib)
- Reversal and daily close back below 1.0542 aims for 1.0472 (38.2% Fib)
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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