Forex: USD/CAD Technical Analysis – A Top in Place Sub-1.07?
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- A Dark Cloud Cover candle pattern hints a reversal lower may be ahead
- Breaking below 1.0629 (14.6% Fib) exposes the 1.0570-82 area (double top, 23.6% Fib)
- Near-term resistance is at 1.0706, the December 4 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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