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USD/CAD Breaks below 1.0800 Support

Discussion in 'Technical Analysis' started by ActionForex.com, Aug 3, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    Fueled by a spike in the price of oil, the USD/CAD has fallen sharply below the support level provided by the 1.0800. For the first time since October 2008 the pair is trading significantly below the 1.0800 support level, thanks to a nearly 3.5% increase in the price of oil...

    complete article here...

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