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USD/CAD Slipping into Support Zone

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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-The manner in which USDCAD turned up from the June low (near long term trendline support) indicates resumption of the long term bull trend.

-The current level (down to 1.0850) may inspire consolidation but near term trend is higher as long as price is above 1.0800 towards 1.1026/52 (Fibonacci and late April high).

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