USD/CAD Technical Analysis – Signs of Life Emerging
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices are edging higher after putting in a bullish Three Inside Up candle pattern
- A close above 1.0329 (38.2% Fib) initially exposes 1.0374 (50% Fib)
- Reversing below support at 1.0273 (23.6% Fib) targets 1.0243 (trend line from Sep 2012)
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.