USD/CAD Technical Analysis 02.18.2013
USD/CAD Technical Analysis- Prices are testing resistance at 1.0074, the 50% Fibonacci expansion. This barrier is reinforced by a falling trend line at 1.0083. A break above that exposes the 61.8% Fib at 1.0108. Near-term support is at 1.0041, the 38.2% expansion.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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