Forex: USD/CAD Technical Analysis – 1.03 Figure Under Fire
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Talking Points
Prices topped as expected, producing a Double Top at the July closing high (1.0570)
Support at 1.0293 (23.6% Fib expansion) is in focus; break lower targets 1.0254 (38.2% Fib)
Trend line support-turned-resistance set from early May is at 1.0373
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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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