USDCAD Classic Technical Report 07.12.2012
Prices continue to consolidate above support at 1.0181, the 23.6% Fibonacci retracement. Near-term resistance lines up at 1.0232, the 38.2% Fib, with a breach above that exposing the 50% level at 1.0273. Alternatively, a turn below support targets the 14.6% level at 1.0150.
8hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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