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January 18, 2012

USD/CAD Trades at Triangle Support; Near Apex

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The USD/CAD failed on Friday to push through triangle resistance, and has since dropped to triangle support. With the market so close to the apex as seen in the daily chart, a break is imminent. Note the RSI reading in the daily chart is still above 40. A break below 40 means a break of bullish... FF News: Technical

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