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Currencies CAD Chart of the Day for May 1st, 2013 – USD/CAD

Prices broke support at in the 1.0095-99 area, marked by the 76.4%Fibonacci expansion and the January 25 swing high. Sellers now target the 100% level at 1.0034, with a break below that eyeing a rising trend line at 0.9987. Alternatively, a reversal back above 1.0099 aims for the 61.8% Fibat 1.0133.


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