USD/CAD Technical Analysis: Prices Push Toward 1.04
USD/CAD Technical Analysis – Prices are testing above resistance at 1.0356, the 23.6% Fibonacci expansion, with a break confirmed on a daily closing basis exposing the 38.2% level at 1.0425. Near-term support is at 1.0274, marked by a rising trend line connecting major swing lows since early May.
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE