Forex: USD/CAD Technical Analysis – 4-Month Support Broken
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- Prices topped as expected, producing a Double Top at the July closing high (1.0570)
- A break below rising trend line support set from May has exposed 1.0343 (61.8% Fib exp.)
- Break lower eyes 10289 (76.4% Fib); resistance in the 1.0360-85 area (trend line, 50% Fib)
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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