Forex: USD/CAD Technical Analysis – 1.04 Mark Still Holding
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- A bearish Evening Star candle pattern hints a turn lower is ahead
- Breaking support at 1.0407 (23.6% Fib exp.) would expose 1.0350 (38.2% Fib)
- Resistance is in the 1.0498-99 area (trend line from June low, Oct 30 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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