USD/CAD Technical Analysis
(US Dollar / Canadian Dollar)

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Updated the:
07/28/2014
USD/CAD : The correction is launched !

Sentiment :
sentiment sur la parité AUD/USD
1.0780
sentiment sur la parité AUD/USD
1.0750
sentiment sur la parité AUD/USD

--- Follow up analysis ---
After a consolidation phase for nearly a week, the pair USD/CAD resumed its correction. The breakout of 1.0790 (level 50%) has given us a new buy signal. In the medium term, the price is now moving within a medium term bullish channel (purple dotted lines).

We continue to advise long positions (buy) as far as 1.0780 is support. The breakout of 1.0830 (level 61.80%) will give a new buy signal and should open the way towards 1.0850 and 1.0884 in extension.

In case of return below 1.0780, we will advise you to remain neutral between this level and 1.0750 (lower limit of the channel).
Full analysis

Analysis published by Bruno Dupray, the 07/28/2014 at 08h55 GMT+2


Chart of the pair USD/CAD - Timeframe 1H
USD/CAD Technical Analysis

Chart of the pair USD/CAD - Timeframe 4H
USD/CAD Technical Analysis

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