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.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE