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USD/CAD Technical Analysis 04.30.2013

Ilya Spivak

USD/CAD Technical Analysis- Prices are testing support at in the 1.0095-99 area, marked by the 76.4% Fibonacci expansion and the January 25 swing high. A break below that targets the 100% level at 1.0034. Near-term resistance is at 1.0133, the 61.8% Fib, with a move above that initially eyeing the 50% expansion at 1.0164.

Forex_USDCAD_Technical_Analysis_04.30.2013_body_Picture_5.png, USD/CAD Technical Analysis 04.30.2013

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

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