USD/CAD Technical Analysis – Prices are testing above resistance at 1.0356, the 23.6% Fibonacci expansion, with a break confirmed on a daily closing basis exposing the 38.2% level at 1.0425. Near-term support is at 1.0274, marked by a rising trend line connecting major swing lows since early May.
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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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