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Daily Analysis for USDCAD, 26.10.2012 October 26, 2012

The currency pair USDCAD was traded sideways for a period of four days at the late August high. A potential triangle could be revealed if we observe a near term price .

The market risk remains higher for a break towards 1.0024, but it is likely to form a triangle.

Resistance:  0.9976 1.0024 1.0084

Support: 0.9763 0.9844 0.9877



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