USDCAD-11:30 (CET)

19 November 2009 @ 07:51 am EDT

Great rebound on the pair, given the risk aversion hike. The pair climbed 176 pips since yesterday, trading now at 1.0610 Canadian dollars per US dollar.The bands of Bollinger show low volatility, hinting a possible reaction within the hour, while the RSI is clearly overbought.

The Stochastic shows buying signs.

If the trend doesn't shift, all eyes will be on the resistance at 1.0625, while below the support to watch is at 1.0568.

Copyright 2009, Advanced Currency Markets SA, Forex Broker, All Rights Reserved

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