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USD/CAD Technical Analysis 04.09.2013

Ilya Spivak

USD/CAD Technical Analysis- Prices are testing resistance at 1.0174, the 23.6% Fibonacci retracement. A break above that eyes falling channel resistance at 1.0228. Channel support is at 1.0114, with a drop beneath that targeting the 38.2% Fib at 1.0070.

Forex_USDCAD_Technical_Analysis_04.09.2013_body_Picture_5.png, USD/CAD Technical Analysis 04.09.2013

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

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