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Talking Points
- USD/CAD Technical Strategy: Flat, waiting for confirmation
- Prices are testing above 1.0554 (38.2% Fib exp.); breaking higher eyes 1.0669 (50% Fib)
- Reversing below 1.0493 (falling trend line) exposes 1.0412 (23.6% Fib expansion)
Confirm your chart-based trade setups with the Technical Analyzer.
Weekly Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
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