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Forex: USD/CAD Technical Analysis – Hitting a 4-Year High

Forex: USD/CAD Technical Analysis – Hitting a 4-Year High

2014-01-21 13:16:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • 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.

dailyclassics_usd-cad_body_Picture_7.png, Forex: USD/CAD Technical Analysis – Hitting a 4-Year High

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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