Forex: USD/CAD Technical Analysis – Pullback in the Works?
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- A Shooting Star candle below 1.0669 (100% Fibexp.) hints a pullback may be ahead
- Below support at 1.0609 (76.4% Fib) exposes the 1.0570-71 area (double top, 61.8% Fib)
- Reversing above resistance aims for 1.0729 (123% Fib expansion)
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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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