USD/CAD Technical Analysis – Prices are retesting support-turned-resistance in the 1.0293-1.0305 area, marked by a rising trend line set from May and the 38.2% Fibonacci expansion. A break above that aims for the 23.6% level at 1.0359. Near-term support is at 1.0263, the 50% 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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