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USD/CAD Technical Analysis – Rally Finally Finds Fuel

USD/CAD Technical Analysis – Rally Finally Finds Fuel

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices are finally building on a bullish Three Inside Up candle pattern
  • A break above 1.0345 (38.2% Fib) has exposed 1.0395 (50% Fib)
  • Above resistance targets 1.0417 (trend line); back under 1.0345 eyes 1.0282 (23.6% Fib)

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_usd-cad_body_Picture_7.png, USD/CAD Technical Analysis – Rally Finally Finds Fuel

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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