Forex: USD/CAD Technical Analysis – All Eyes on July Top
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- July closing high at 1.0570 in focus as a possible Double Top (pending confirmation)
- Near-term support at 1.0522 (76.4% Fib); a break below that targets 1.0469 (61.8% Fib)
- Daily close above 1.0570 sees the next hurdle at 1.0608, the July 5 swing high
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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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