Forex: USD/CAD Technical Analysis – Support Sub-1.03 Holding
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices topped as expected, producing a Double Top at the July closing high (1.0570)
- Support at 1.0293 (23.6% Fib expansion) is in focus; break lower targets 1.0254 (38.2% Fib)
- Trend line support-turned-resistance set from early May is at 1.0379
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
Contact and follow Ilya on Twitter: @IlyaSpivak
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.