Forex: USD/CAD Technical Analysis – Standstill at 1.03 Continues
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- A bullish Three Inside Up candle pattern has produced little upside follow-through
- 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 1.0241 (trend line from Sep 2012)
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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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