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Technicals: USDCAD is the Pair to Range Trade

From news_archive.php?id=35328

- Resistance: 1.0780 - Support: 1.0630 - The USDCAD flirted with the resistance early today as it reached 1.077. The pair then ricocheted lower toward the building support of the trend channel. - For price action early next week, look for the USDCAD to test the bounds of its now mature and obvious channel. Should there be a big fundamental surprise, it could mark the end of easy range trading for this pair. [IMG]http://www.dailyfx.com/export/sites/dailyfx/story-images/2007/06/dailyfx_reports/Top_fx_market_movers/cadd_06-22-07e.gif[/IMG] See Daily Technicals for more details: ... (full story)

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