Forex: USD/CAD Technical Analysis – Bulls Clear Path Above 1.06
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- Prices broke resistance in the 1.0570-71 area (double top, 61.8% Fib exp.)
- Sellers now target 1.0609 (76.4% Fib); above that exposes 1.0669 (100% Fib)
- A turn back below 1.0570 aims for 1.0541 (50 % Fib expansion)
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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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