Daily Forex Update: USD/CAD
AutoChartist | Aug 21, 2014 01:51AM ET
USD/CAD continues to rise in the direction of the key resistance level 1.1007 that was earlier identified by Autochartist on the daily charts – as you can see from the following trade opportunity alert for this currency pair. USD/CAD is expected to reach this key level in the next 34 trading days. This forecast continues the earlier upward reversal from the support zone lying between the support level 1.0840 and 38.2% Fibonacci Correction of the previous sharp upward impulse from July (which broke the daily down channel from March).
The daily USD/CAD chart below shows the aforementioned price levels:
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