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
USDCAD Classic Technical Report 08.09.2012

USDCAD Classic Technical Report 08.09.2012

Ilya Spivak, Head Strategist, APAC

Prices broke below the bottom of a falling channel carved out over the past two months, hinting at bearish acceleration ahead. Near-term support lines up at 0.9937, the 76.4% Fibonacci expansion, with a break blow that targeting the 100% level at 0.9846. The channel bottom, now at 0.9961, has been recast as resistance. A push above that aims for the 61.8% Fib at 0.9993.

USDCAD_Classic_Technical_Report_08.09.2012_body_Picture_5.png, USDCAD Classic Technical Report 08.09.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- 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.