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Forex: USD/CAD Technical Analysis – Bulls Aiming Above 1.12

Forex: USD/CAD Technical Analysis – Bulls Aiming Above 1.12

2014-01-29 03:38:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • A break above 1.1136 (100% Fib exp.) as exposed 1.1267 (123.6% Fib exp.)
  • Pushing further beyond that aims for 1.1348 (138.2% Fib expansion)
  • Back below 1.1136 targets 1.1005 (76.4% Fib exp.)

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_usd-cad_body_Picture_9.png, Forex: USD/CAD Technical Analysis – Bulls Aiming Above 1.12

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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