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USD/CAD Technical Analysis 03.06.2013

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USD/CAD Technical Analysis- Prices are testing support at 1.0264, the 14.6% Fibonacci retracement. Negative RSI divergence warns of ebbing bullish momentum, hinting at weakness ahead. A break downward aims for the 1.0210-17 area, marked by the 23.6% Fib and formerly broken trend line and rising channel resistance levels. Near-term resistance is at 1.0341, the March 1 high.

Forex_USDCAD_Technical_Analysis_03.06.2013_body_Picture_5.png, USD/CAD Technical Analysis 03.06.2013

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