USDCAD It Is A Fib Game at The Moment
05
Jul
2012
2012
The USDCAD has found strong support at the 50 FIB level at 1.01232. The cross has briefly broken this level over the last three days but could never establish traction below. This price, combined with daily price support at 1.010 creates a support zone between 1.0023/00. If this level breaks we could quickly see a test of the .618 fib at 1.0047. Resistance can be found at the .382 fib at 1.0199.
Fib Levels .382 1.02 Sup 1.0123/00
.50 1.0123 Res 1.02
.618 1.0047
