Forex: USD/CAD Technical Analysis – Bear Aim Below 1.02 Mark
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- Prices topped as expected, producing a Double Top at the July closing high (1.0570)
- A break of a rising trend line set from Sep 2012 and the 38.2% Fib exposes 1.0120 (50% Fib)
- The 38.2% Fib (1.0236) has been recast as near-term resistance
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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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