Forex: USD/CAD Technical Analysis – Loonie Hits 4-Year Low
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- Prices broke higher as expected, completing a Triangle chart formation
- Moving above 1.0865 (50% Fib exp.) exposes 1.0930 (61.8% Fib exp.)
- Below 1.0799 (38.2% Fib exp.) eyes the 1.0706-18 area (Dec 4 high, 23.6% Fib exp.)
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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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