Forex: USD/CAD Technical Analysis – Hitting a 4-Year High
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices moved higher as expected, completing a Triangle chart formation
- A close above 1.0986 (123.6% Fib exp.) exposes 1.1033 (138.2% Fib exp.)
- Below support at 1.0910 (100% Fib exp.) aims for 1.0834 (76.4% Fib exp.)
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.