Forex: USD/CAD Technical Analysis – Attempting to Expose 1.12
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- Prices are testing above resistance at 1.1176 (23.6% Fib exp.)
- A break higher on a daily closing basis initially exposes 1.1265 (38.2% Fib exp.)
- Below support at 1.1120 (14.6% Fib exp.) eyes 1.1031 (Jan 27 low)
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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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