USD/CAD Technical Analysis 05.21.2013
USD/CAD Technical Analysis– Prices advanced as expected after putting in a bullish Morning Star candlestick pattern above support at a rising trend line set from mid-September 2012. The pair is now testing resistance at 1.0276, the 50% Fibonacci expansion, with a break above that exposing the 61.8% level at 1.0338. Near-term support is at 1.0214, the 38.2% Fib.
Daily Chart - Created Using FXCM Marketscope 2.0
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