Forex: USD/CAD Technical Analysis – Oscillating Above 1.04 Mark
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices are consolidating above resistance-turned-support at 1.0406
- Resistance is in the 1.0498-1.0525 (falling trend line, rising channel top)
- Break higher eyes 1.0570 (double top); below support aims for 1.0339 (channel bottom)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.