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Thursday, July 19, 2012

USDCAD classic technical report 07.19.2012

Prices are approaching support on a falling trend line that has the other side since the beginning of June a barrier reinforced relating to 1.0047-50, characterised by a former resistance and the 61.8% Fibonacci retracement denied. A lower break exposes the 0.9953 76 region first. Short-term resistance lines in the 1.0115-23 with a break of the targeting trend right resistance now at 1.0197.

USDCAD_Classic_Technical_Report_07.19.2012_body_Picture_5.png, USDCAD Classic Technical Report 07.19.2012
Chart - with FXCM MarketScope 2.0 created 8 hr

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