06th Jun - USD/CAD Pauses at Key Resistance
06 June 2013
WEEKLY CHART:
Recovery from last year’s low has now returned to the area of the 1.0415 76.4% retracement level and 1.0446 Jun-12 high – we await reaction around here.
DAILY CHART:
Recent push through the 1.0342 01-Mar high has seen test of the Fibo projection at 1.0400 – coupled with the test of 76.4% on the Weekly chart a temporary pause is not a surprise here – s/term sellers may now be awaiting their moment.
One support comes from the falling return line at 1.0235 currently. If this fails then lower targets will be invited.
Next story:
13th Jun - Brent Crude Holds Below Key Resistance ![]()
Previous story:
06th Jun - Cocoa Rallies off 61.8% Support ![]()

