Forex Analysis: USD/CAD Classic Technical Report 01.14.2013

DailyFX

Prices are testing support at 0.9826, the 61.8% Fibonacci expansion. A break below that targets the 76.4% level at 0.9792, a barrier reinforced by the 0.98 figure. Near-term resistance is at 0.9853, the 50% Fib, with a bounce above that eyeing the 38.2% expansion at 0.9880.

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Forex_Analysis_USDCAD_Classic_Technical_Report_01.14.2013_body_Picture_1.png, Forex Analysis: USD/CAD Classic Technical Report 01.14.2013

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

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