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USD/CAD - Daily Chartanalysis (23:18 CET)

04 Nov, 2009 @ 05:21 pm ET | written by Forextribe


1.0617 has been testes but witout being broken and 1.0677 is still resistance. The analysis of yesterday is the same as today : 'We will advise to keep short positions as far as the level 23.60% (1.0714) of fibonacci retracement of the last bullish movement will be resistance. The break out of 1.0617 (38.20%) will give a new sell signal.'

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