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Currencies CAD Chart of the Day for June 10th, 2013 – USD/CAD

By Ilya Spivak

Prices declined as expected after putting in a bearish Dark Cloud Cover candlestick pattern below the 1.04 figure. Sellers now challenge support at 1.0168, the 61.8% Fibonacciretracement. A push below that initially exposes the 76.4% level at 1.0109. Near-term resistance is at 1.0216, the 50% Fib, with a move above that targeting the 38.2% retracement at 1.0264.

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