Forex: USD/CAD Technical Analysis – Candle Hints at Weakness
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- A Hanging Man candle below trend line support-turned resistance hints at a turn lower
- Initial support is at 1.0394 (23.6% Fib); below that targets 1.0353 (38.2% Fib)
- Resistance is now in the 1.0460-64 area (trend line, October 25 swing high)
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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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