USD/CAD Technical Analysis 02.19.2013

DailyFX

USD/CAD Technical Analysis- Prices are testing resistance at 1.0108, the 61.8% Fibonacci expansion. A break higher exposes the 76.4% Fib at 1.0150. Near-term support is at 1.0074, the 50% expansion, and is reinforced by a falling trend line at 1.0082.

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Forex_USDCAD_Technical_Analysis_02.19.2013_body_Picture_5.png, USD/CAD Technical Analysis 02.19.2013

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--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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