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Friday 18 April 2014 21:40

USD/CAD Technical Analysis 03.01.2013

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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

Daily Chart - Created Using FXCM Marketscope 2.0

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