Forex: USD/CAD Technical Analysis – Sellers Try to Expose 1.05
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- A Dark Cloud Cover candle pattern has been followed by a turn lower, as expected
- Breaking below the 1.0570-82 area (double top, 23.6% Fib) eyes 1.0506 (38.2% 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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