(http://blogs.fxstreet.com/techtrading/2009/11/04/usdcad-at-3820-fib-support/)
The rebound arrived from the 1,06 area but price stagnated at 1,0790 building a lower high.
A lower high at this point may indicate a further bearish continuation but as you may have noticed I’m a dollar bull for the long term and in my opinion any USD retracements should be considered as buy opportunities.
Anyway, the key resistance in this pair comes in at 1,0870. See the importance of the level on the daily chart and fib support levels on the 4 hour chart below:
César B.Leiceaga
How to profit from FX Markets by 



