Welcome to our 27th. edition of Currency Corner. In today's edition we will be focusing on the daily time frame of the USD/CAD. The USD/CAD has rallied from the Fibonacci 50% retracment level which value resides at 1.0205. A close above the Fibonacci 38.2% retracement level at 1.0275 will spark a rally into the December 14th. pivot high of 1.0421 with the November 25th. pivot high of 1.0522 as the longer term objective. A close, however, below 1.0205 will encourage a wave of selling down to the December 8th. pivot low of 1.0050. The Timing Oscillator is in oversold territory and momentum remains positive suggesting a near term bottom may be in place | DailyFX Forum visitors can sign up for our FREE Live Interactive Webinars and Live Trading Room at FXReturn.com. Please click the following link to view our research:Currency Corner Created with Camtasia Studio 5
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