Forex: USD/CAD Technical Analysis – Sellers Aim Below 1.03
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- Prices topped as expected, producing a Double Top at the July closing high (1.0570)
- A break of trend line support set from May and the 61.8% Fib exposes 1.0289 (76.4% Fib)
- Piercing that eyes a longer term trend line (1.0248); resistance is at the 1.0343 (61.8% 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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