News & Analysis at your fingertips.

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. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
USD/CAD Technical Analysis: Interim Support Found Sub-1.02

USD/CAD Technical Analysis: Interim Support Found Sub-1.02

Ilya Spivak, Head Strategist, APAC

USD/CAD Technical Analysis– Prices declined as expected after putting in a bearish Dark Cloud Cover candlestick pattern below the 1.04 figure. The pair is now mounting a recovery from support at 1.0168, the 61.8% Fibonacci retracement, to test above the 50% level at 1.0216. A confirmed break above that eyes the 38.2% Fib at 1.0264. Alternatively, a move below support exposes the 76.4% level at 1.0109.

dailyclassics_usd-cad_body_Picture_10.png, USD/CAD Technical Analysis: Interim Support Found Sub-1.02

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail 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.