USD/CAD Technical Analysis: Prices Soar to 6-Month High

DailyFX

USD/CAD Technical Analysis– Prices are testing resistance at 1.0530, the 50% Fibonacciexpansion, with a break higher exposing the 61.8% level at 1.0623. Near-term support is at 1.0437, the 38.2% Fib. A reversal back beneath that targets the 23.6% expansion at 1.0322.

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dailyclassics_usd-cad_body_Picture_7.png, USD/CAD Technical Analysis: Prices Soar to 6-Month High

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

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