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.

Free Trading Guides
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
USD/CAD Technical Analysis 02.25.2013

USD/CAD Technical Analysis 02.25.2013

2013-02-25 10:36:00
Ilya Spivak, Head Strategist, APAC
Share:

USD/CAD Technical Analysis- Prices are testing a major resistance cluster in the 1.0197-1.0238 area. The region sees the intersection of two rising channel tops, one set from mid-September and the other from the January 11 low, as well as a long-term falling trend line established from the October 4 2011 high and the 100% Fibonacci expansion. A break above this marks a significant bullish development and initially exposes the 123.6% Fib at 1.0338. Near-term support is at 1.0138, the 76.4% level.

Forex_USDCAD_Technical_Analysis_02.25.2013_body_Picture_5.png, USD/CAD Technical Analysis 02.25.2013

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

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

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

DISCLOSURES

News & Analysis at your fingertips.