USD/CAD Technical Analysis- Prices are testing above resistance at 1.0139, the 76.4% Fibonacci expansion. A break higher exposes the 100% Fib at 1.0238. Near-term support is at 1.0076, the 61.8% 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