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September 6, 2012

USD/CAD Breaks Down Range and Sits On Top of 2012 Low

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The USD/CAD has been ranging roughly between 0.9950 and 0.9840 since mid-August. After starting this week with a bounce off the 0.9940 support area, the USD/CAD then fell sharply during the 9/6 session, falling below 0.9840 and almost toughing the 2012 low at 0.98. The 4H chart shows the market's... FF News: Technical

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