Forex: USD/CAD Technical Analysis – Trying to Build Above 1.05
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- Prices are testing resistance at 1.0541 (50% Fib exp expansion)
- A break higher targets the 1.0570-71 area (double top, 61.8% Fib)
- Support is at 1.0511 (38.2% Fib); below that eyes 1.0490 (trend line)
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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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