USDCAD tests 38.2% retracement

Written March 19, 2010 at 10:08 AM EST by  

fxdd-pic-0008

The USDCAD is back up testing resistance against the 38.2% retracement of the days range at the 1.0109 level.  Watching the level to provide some resistance.  The higher dollar has led to the short covering rally of f the trendline lows.  Additonal resistance comes in  at 1.0118 and 1.0124.

fxdd-pic-0009

No Responses to “USDCAD tests 38.2% retracement”

Add a comment