USD/CAD Technical Analysis- Prices are testing support at in the 1.0095-99 area, marked by the 76.4% Fibonacci expansion and the January 25 swing high. A break below that targets the 100% level at 1.0034. Near-term resistance is at 1.0133, the 61.8% Fib, with a move above that initially eyeing the 50% expansion at 1.0164.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE