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USD/CAD Technical Analysis 02.19.2013

USD/CAD Technical Analysis 02.19.2013

Ilya Spivak, Head Strategist, APAC

USD/CAD Technical Analysis- Prices are testing resistance at 1.0108, the 61.8% Fibonacci expansion. A break higher exposes the 76.4% Fib at 1.0150. Near-term support is at 1.0074, the 50% expansion, and is reinforced by a falling trend line at 1.0082.

Forex_USDCAD_Technical_Analysis_02.19.2013_body_Picture_5.png, USD/CAD Technical Analysis 02.19.2013

Daily 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

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

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