Forex: USD/CAD Technical Analysis – Loonie Weakest in 2 Years
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- Prices broke resistance in the 1.0570-71 area (double top, 61.8% Fib exp.)
- A close above 1.0609 (76.4% Fib exp.) exposes 1.0669 (100% Fibexp.)
- 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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