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FX Week Ahead - Top 5 Events: US Inflation; BOC & ECB Rate Decisions; UK GDP; Canada Jobs
2021-03-08 20:40:00
EUR/USD Rate on Cusp of Testing 200-Day SMA Ahead of ECB Rate Decision
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2021-03-08 16:00:00
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  • The Australian Dollar now risks a deeper March correction with the AUD/USD price reversal approaching multi-month uptrend support. Get your $AUDUSD market update from @MBForex here:https://t.co/jYfBrd5b22 https://t.co/tbU9BM3n3L
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USD/CAD Technical Analysis 03.21.2013

USD/CAD Technical Analysis 03.21.2013

Ilya Spivak, Head Strategist, APAC

USD/CAD Technical Analysis- Prices are turning lower from resistance at 1.0281, the 14.6%% Fibonacci retracement, to test below the 23.6% levelat 1.0245. A confirmed break downward initially targets the 38.2% Fib at 1.0185. Alternatively, a reversal above resistance aims for the March 1 swing high at 1.0341.

Forex_USDCAD_Technical_Analysis_03.21.2013_body_Picture_5.png, USD/CAD Technical Analysis 03.21.2013

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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