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June 7, 2012

USD/CAD testing declining trend line near 1.03 pivot

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After following through with the bearish momentum and breaking below 1.03 level as well as a rising trendline, the USD/CAD came close but stayed above the 1.02 handle. The 1H chart shows that the market is now pushing back at the 1.03 level, which is coincident now with a declining trendline. The... FF News: Technical

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