Updated the:
05/02/2012
USD/CAD Technical Analysis comments :

Sentiment :
sentiment
0.9910
sentiment
0.9880
sentiment
The resistance at 0.9887 has perfectly acted as resistance yesterday and the pair USD/CAD got back below 0.9866, comforting our bearish feeling.
Indicators are mitigated.
The pair is still moving into its bearish channel (purple lines).
We continues to advise short positions as far as 0.9887 is resistance.
The breakout of 0.98 will give a new sell signal and open the way towards 0.9750.
In case of return above 0.9887, we will wait the breakout of 0.9910 to advise long positions.
Complete sheet of the pair USD/CAD - Previous USD/CAD Analysis
Chart of the pair USD/CAD - Timeframe 4H - Zoom in :
USD/CAD
 
Chart of the pair USD/CAD - Timeframe 4H - Zoom out:
USD/CAD
USD/CAD Live Chart - Timeframe : 4h
Chart