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Euro Technical Outlook: EUR/USD and EUR/GBP Prices and Forecasts
2021-02-27 04:00:00
Euro Price Forecast: EUR/USD at Risk of Reversal with US PCE Data on Tap
2021-02-26 07:30:00
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2021-02-27 08:00:00
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2021-02-26 20:00:00
Nasdaq 100, Gold, Financial Fund Flows During Yields-Driven Volatility
2021-02-26 17:30:00
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USD/CAD Technical Analysis 03.06.2013

USD/CAD Technical Analysis 03.06.2013

Ilya Spivak, Head Strategist, APAC

USD/CAD Technical Analysis- Prices are testing support at 1.0264, the 14.6% Fibonacci retracement. Negative RSI divergence warns of ebbing bullish momentum, hinting at weakness ahead. A break downward aims for the 1.0210-17 area, marked by the 23.6% Fib and formerly broken trend line and rising channel resistance levels. Near-term resistance is at 1.0341, the March 1 high.

Forex_USDCAD_Technical_Analysis_03.06.2013_body_Picture_5.png, USD/CAD Technical Analysis 03.06.2013

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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