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

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Updated the:
05/17/2013
USD/CAD : Towards a full retracement of the last bearish movement

Sentiment :
sentiment sur la parité AUD/USD
1.0154
sentiment sur la parité AUD/USD
1.0154
sentiment sur la parité AUD/USD
--- Follow up analysis ---
In order to take into account the recent lows / highs, I have modified some levels of supports and resistances on the pair USD/CAD pair. Yesterday, the price made ​​a pullback on the support at 1.0154 before resuming its bullish rally. The break of 1.0202 gave us a new buy signal. On the short term, the pair is still moving within its bullish channel (blue lines).

We advise to trade only long positions as far as 1.0154 is support. This level corresponds to the lower band of the channel. The breakout of 1.0250 will give a new buy signal and should allow a full retracement of the last movement towards 1.0286.

In case of return below 1.0154 (exit of the channel), traders could then trade short positions and target a return on the support at 1.01 at first.
Full analysis

Analysis published by Bruno, the 05/17/2013 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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