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

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usdcad


Updated the:
04/24/2014
USD/CAD : Medium term bullish slant broken !

Sentiment :
sentiment sur la parité AUD/USD
1.1008
sentiment sur la parité AUD/USD
1.0989
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The pair USD/CAD has continued its bullish movement to reach the major resistance at 1.1050. In the short term, the price is moving into a bullish channel (blue lines). The pair made ​​a pullback this night on the fibonacci retracement 38.20% at 1.1018.

We continue to advise long positions as far as 1.1008 support is active. The break of key resistance at 1.1050 will validate a bullish trend reversal in the medium term and should open the way towards 1.1118 (level 61.80%).

In case of return below 1.1008 (short term channel output), we will advise to remain neutral between this level and 1.0989 (short term support).

ps : Traders with a more aggressive strategy could trade the pair according to 1.1008 (long above; Short below).
Full analysis

Analysis published by Bruno Dupray, the 04/24/2014 at 09h00 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

Live USD/CAD Chart - Timeframe : 1H*
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