Forex: USD/CAD Technical Analysis – Critical Resistance in Play
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- Prices are testing resistance in the 1.0570-71 area (double top, 61.8% Fib exp.)
- A break higher aims for 1.0609 (76.4% Fib expansion)
- Support levels line up at 1.0541 (50% Fib exp.) and 1.0511 (38.2% Fib exp.)
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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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