Forex: USD/CAD Technical Analysis – Bulls Rejected at 1.04
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- Prices are testing below support at 1.0328 (23.6% Fib expansion)
- Break lower initially targets 1.0271 (38.2% Fib, trend line from Sep 2012)
- Near-term resistance is at 1.0419, the October 10 swing high
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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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