Forex: USD/CAD Technical Analysis – Rally Capped Above 1.11
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- Prices are edging lower as expected after showing a Shooting Star candle
- Below support at 1.1005 (76.4% Fib exp.) exposes 1.0924 (76.4% Fib exp.)
- Reversing above 1.1136 (100% Fib exp.) targets 1.1267 (123.6% 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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