USD/CAD Technical Analysis: Rebound Attempt Rejected
USD/CAD Technical Analysis– Prices turned lower as expected after completing a bearish Evening Star candlestick pattern. The pair has recoiled from resistance in the 1.0408-46 area, a region marked by the June 2012 swing top, with sellers aiming for the July 11 low at 1.0325. A break below that eyes trend line support at 1.0248.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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