Forex: USD/CAD Technical Analysis – Triangle Formation Validated
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- Prices broke higher as expected, completing a Triangle chart formation
- A further push above resistance at 1.0799 (38.2% Fib exp.) eyes 1.0865 (50% Fib exp.)
- Near-term support is in the 1.0706-18 area (Dec 4 high, 23.6% 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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