USD/CAD Technical Analysis 02.28.2013
USD/CAD Technical Analysis- Prices put in a bearish Evening Star candlestick pattern, hinting a move lower is ahead. Near-term support is in the 1.0187-1.0231 area, with a break lower exposing the 38.2% Fibonacci retracement at 1.0116. Near-term resistance is at 1.0302, the February 26 high.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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