To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- USD/CAD Technical Strategy: Pending Long
- Prices broke resistance at 1.0669 (50% Fib exp.), exposing 10785 (61.8% Fib)
- Near-term risk/reward parameters argue against entering long for now
Confirm your chart-based trade setups with the Technical Analyzer.
Weekly Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE
For live market updates, visit the Real Time News Feed