Filed Under:
Forex pairs in this Article » USD/CAD, USD/CAD
Prices are testing support-turned-resistance at a rising trend line set from mid-September (1.0044), a barrier reinforced by the 50% Fibonacci expansion at 1.0026. A break above 1.0044 aims for the 61.8% level at 1.0076. Support is at 0.9977, the 38.2% expansion.

Forex_Analysis_USDCAD_Classic_Technical_Report_01.25.2013_body_Picture_1.png, Forex Analysis: USD/CAD Classic Technical Report 01.25.2013 Daily Chart - Created Using FXCM Marketscope 2.0

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

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

comments powered by Disqus