Forex: USD/CAD Technical Analysis – Double Top Set Below 1.06
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- Prices topped as expected, producing a Double Top at the July closing high (1.0570)
- Near-term support is in the 1.0343-57 area (61.8% Fib exp., rising trend line)
- Break lower exposes 10289 (76.4% Fib); near-term resistance at 1.0385 (50% 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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