Forex: USD/CAD Technical Analysis – Candle Setup Favors Gains
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- A bullish Three Inside Up candle pattern has marked the start of a cautious recovery
- Near-term resistance is at 1.0329 (38.2% Fib); a break of that exposes 1.0374 (50% Fib)
- Reversing below support at 1.0273 (23.6% Fib) targets the trend line (1.0235) anew
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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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