Forex: USD/CAD Technical Analysis – Buyers Aim Above 1.03


To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • Prices topped as expected, producing a Double Top at the July closing high (1.0570)
  • A turn above the 1.0266-73 area (trend line, 23.6% Fib) has exposed 1.0329 (38.2% Fib)
  • Pushing above resistance eyes 1.0374 (50% Fib); back below 1.0266 aims for 1.0181 (Sep19 low)

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

View photo

dailyclassics_usd-cad_body_Picture_7.png, Forex: USD/CAD Technical Analysis – Buyers Aim Above 1.03

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? Watch this Video

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.
Learn forex trading with a free practice account and trading charts from FXCM.

View Comments (0)