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USD/CAD Technical Analysis 03.06.2013

Here you can find all the latest breaking forex and currency news about USD/CAD Technical Analysis 03.06.2013 including currency analysis and forecasts, live foreign exchange rates, central bank interest rates, and currency trading strategies from experienced fx traders and forex platforms.

USD/CAD Technical Analysis- Prices are testing support at 1.0264, the 14.6% Fibonacci retracement. Negative RSI divergence warns of ebbing bullish momentum, hinting at weakness ahead. A break downward aims for the 1.0210-17 area, marked by the 23.6% Fib and formerly broken trend line and rising channel resistance levels. Near-term resistance is at 1.0341, the March 1 high.

Forex_USDCAD_Technical_Analysis_03.06.2013_body_Picture_5.png, USD/CAD Technical Analysis 03.06.2013

Daily Chart - Created Using FXCM Marketscope 2.0

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