Forex: USD/CAD Technical Analysis – Probing the 1.05 Figure
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- Prices are consolidating above support at 1.0411 (23.6% Fib expansion)
- A break lower initially exposes 1.0355 (38.2% Fib exp.)
- Near-term resistance is at 1.0510, a trend line set from mid-June
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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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