News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Breaking news

UK to Announce Vaccine Passports and WFH Guidance in Move to Plan B

USDCAD: Correction to Yield Long Entry

USDCAD: Correction to Yield Long Entry

Ilya Spivak, Head Strategist, APAC

Strategy: Pending Long

The USDCAD rally appears to be decelerating ahead of resistance at 1.0318, the January 9 swing high, with a Spinning Top candlestick and negative RSI divergence hinting a pullback may be ahead. We will look for a move lower as a buying opportunity in the coming days. Initial support lines up at 1.0179, the 23.6% Fibonacci retracement.

USDCAD_Correction_to_Yield_Long_Entry_body_Picture_5.png, USDCAD: Correction to Yield Long Entry

Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.