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Forex: USD/CAD Technical Analysis – Triangle Bottom Under Fire

Forex: USD/CAD Technical Analysis – Triangle Bottom Under Fire

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices are testing support at 1.0607 (Triangle bottom)
  • A break lower targets 1.0567 (Aug 22 2013 swing high)
  • Near-term resistance is at 1.0702 (Triangle top)

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_usd-cad_body_Picture_10.png, Forex: USD/CAD Technical Analysis – Triangle Bottom Under Fire

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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