Forex: USD/CAD Technical Analysis – Trend Line Break Negated
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- Prices topped as expected, producing a Double Top at the July closing high (1.0570)
- A turn above the 1.0263-73 area (trend line, 23.6% Fib) has exposed 1.0329 (38.2% Fib)
- Pushing above resistance eyes 1.0374 (50% Fib); back below 1.0263 aims for 1.0181 (Sep19 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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