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US Dollar Rip, Dip, Rip Around CPI: EUR/USD, USD/CAD
2021-05-12 16:45:00
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Why a Rise in Retail Trading May Signal Another Mania
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Gold Price Forecast: Progressing Towards Multi-Month Resistance - Levels for XAU/USD
2021-05-13 19:00:00
Is Gold a Good Inflation Hedge? - XAU/USD Rejected at Key Trendline, Focus on US PPI
2021-05-13 08:00:00
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2021-05-12 06:13:00
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US Dollar Rockets Higher as Inflation Spikes to 4.2% in April
2021-05-12 13:15:00
Japanese Yen Technical Analysis: Broader Outlook Bearish, USD/JPY Eyes Key Trendline
2021-05-12 05:00:00
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  • The Australian Dollar has once again responded to weekly technical resistance and leaves the bulls vulnerable while below 7866. Get your $AUD market update from @MBForex here:https://t.co/72ORZ3wZwx https://t.co/ktLFGNPZd0
USD/CAD Classic Technical Report 07.09.2012

USD/CAD Classic Technical Report 07.09.2012

Ilya Spivak, Head Strategist, APAC

Prices took out resistance at 1.0199, the 38.2% Fibonacci retracement, to reclaim a hold on the 1.02 figure. Buyers now aim to challenge 1.0231, with a break above that exposing the 23.6% Fib at 1.0293. The 1.02 boundary has been recast as support, with a break back below that exposing 1.0158.

USDCAD_Classic_Technical_Report_07.09.2012_body_Picture_5.png, USD/CAD Classic Technical Report 07.09.2012

4hr Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. 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 ispivak@dailyfx.com

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