USD/CAD Technical Analysis: Rebound Attempt Rejected

DailyFX

USD/CAD Technical Analysis– Prices turned lower as expected after completing a bearish Evening Star candlestick pattern. The pair has recoiled from resistance in the 1.0408-46 area, a region marked by the June 2012 swing top, with sellers aiming for the July 11 low at 1.0325. A break below that eyes trend line support at 1.0248.

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dailyclassics_usd-cad_body_Picture_7.png, USD/CAD Technical Analysis: Rebound Attempt Rejected

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