21st Jun - USD/CAD Recovery Capped by Fibonacci Level
21 June 2012
WEEKLY CHART:
The 1.0800 38.2% retracement on the long term chart remains some way off. Current interest is more in the Daily chart.
DAILY CHART:
Note how the 76.4% recovery level provided clear resistance - a clear violation of this would provide a boost to the bulls.
Meanwhile the slip back can be seen as temporary for now. Ideally support will come in at/above the earlier 1.0050 resistance area.
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27th Jun - Crude Oil Breaks Long Term 38.2% Retracement 
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21st Jun - Cocoa Reluctant to Recover off Long Term 76.4%