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USD/CAD Technical Analysis 03.01.2013

Here you can find all the latest breaking forex and currency news about USD/CAD Technical Analysis 03.01.2013 including currency analysis and forecasts, live foreign exchange rates, central bank interest rates, and currency trading strategies from experienced fx traders and forex platforms.

USD/CAD Technical Analysis- Prices are testing resistance at 1.0325, the 138.2% Fibonacci expansion. A break higher targets the 150% level at 1.0359. Negative RSI divergence warns of ebbing bullish momentum however, hinting a turn lower may be ahead. Near-term support is at 1.0284, the 123.6% Fib, with a turn beneath that eyeing the 100% level at 1.0216.

Forex_USDCAD_Technical_Analysis_03.01.2013_body_Picture_5.png, USD/CAD Technical Analysis 03.01.2013

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