Forex: USD/CAD Technical Analysis – Prices Recoil from 1.02 Mark
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- Prices topped as expected, producing a Double Top at the July closing high (1.0570)
- A break of resistance in the 1.0262-73 area (trend line, 23.6% Fib) exposes 1.0329 (38.2% Fib)
- Near-term support is at 1.0181, the September 19 low
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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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