Forex Technical Analysis USD/CAD 2013-08-20
The currency pair respected the surging line and did not fall below support at 1.0276, although upside has been limited in the last trading session by resistance at 38.2% Fibonacci level of 1.0604 to 1.0243, at 1.0380. Thus, prices are mainly extending into 1.0380/1.0276 sideways zone.
For that reason oscillators do not provide much of help regarding forecasts, except that Moving average of oscillator is positive favoring upside even that though is minor.
See more: http://www.ifcmarkets.com/en/technical- ... 2013-08-20