Forex: USD/CAD Technical Analysis – Momentum Still Absent
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- Prices are struggling to rally after putting in a bullish Three Inside Up candle pattern
- A close above 1.0345 (38.2% Fib) would initially expose 1.0395 (50% Fib)
- Reversing below support at 1.0282 (23.6% Fib) targets 1.0252 (trend line from Sep 2012)
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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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