Forex: USD/CAD Technical Analysis – 4-Month Trend Line Tested
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- Prices are testing support-turned-resistance at a rising trend line set from June (1.0479)
- A break higher initially targets 1.0508 (100% Fib expansion)
- Reversing below 1.0452 (76.4%) exposes 1.0417 (61.8% Fib)
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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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