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1.0700 Resistance
Resistance: 1.0700 Support: 1.0600 After USDCAD?s multi-day rebound, the pair came into contact with a strong resistance level at 1.0700. The 1.0700 level is significant as both a key psychological level and a recognized Fibonacci level. If the USDCAD is able breaks through this barrier, the pair?s momentum may be enough to take it as high as 1.0800. [IMG]http://www.dailyfx.com/export/sites/dailyfx/story-images/2007/07/currency/OH_CANADA/Canada_07-30-07d.gif[/IMG]