Forex: USD/CAD Technical Analysis – Trend Line Capping Rally
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- Prices are testing resistance at 1.0452 (76.4% Fib, trend line from June 2013)
- A break higher targets 1.0508 (100% Fib expansion)
- Support at 1.0417 (61.8% Fib); break below that targets 1.0389 (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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