| USD/CAD - Retreat After Hitting Resistance Posted: 27 May 2010 09:49 AM PDT  Price action on USD/CAD, a daily chart of which is shown, has retreated substantially after having reached and surpassed key resistance in the 1.0750 price region earlier in the week. Price action on Tuesday (5/25/2010) reached a high of 1.0850, which represented a 7-month high for the pair, before retreating and closing well below the noted 1.0750 key resistance. For more technical analysis on this currency pair, please click here for Thursday’s (5/27/2010) Chart of the Day.
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