Forex: USD/CAD Technical Analysis – Probing the 1.05 Figure
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- Prices are eyeing resistance at 1.0511 (50% Fib exp., trend line from mid-June)
- Breaking higher eyes 1.0538 (61.8% Fib) but negative RSI divergence warns of weakness
- A turn below 1.0484 (38.2% Fib) initially targets 1.0451 (23.6% 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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