Forex: USD/CAD Technical Analysis – Candles Hint at Pullback
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- Prices moved higher as expected, completing a Triangle chart formation
- A Dark Cloud Cover candle warns of a turn lower; support is at 1.0834 (76.4% Fib exp.)
- Breaking lower eyes 1.0787 (61.8% Fib); resistance is at 1.0910 (100% Fib)
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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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