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Forex Trading Technical Analysis (2010/08/31) USD/CAD Hits Key Resistance

USD/CAD (a 4-hour chart of which is shown) as of Tuesday (8/31/2010) has hit a key resistance level in the 1.0670 price region, a level that has been reached and respected several times in the recent past. This occurs after price made a pronounced bullish bounce up off 1.0470 region support on Monday. For more USD/CAD forex technical analysis, please click here.

James Chen, CTA, CMT