Forex: USD/CAD Technical Analysis – Aiming for 1.04 Anew
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- Prices are testing resistance at 1.0395 (50% Fibonacci retracement)
- Break higher targets the 1.0445-55 area (61.8% Fib, trend line from June)
- Below support at 1.0345 (38.2% Fib) targets 1.0282 (23.6% Fib, trend line from Sep’12)
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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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