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

By Roger Baettig | June 15 2012 8:22 AM

Updated the: 06/15/2012
USD/CAD Technical Analysis comments :

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Sentiment : 1.0350 1.03
The pair USD/CAD has continued yesterday its bearish movement and is currently testing the support at 1.0230. The pair is moving into a short term bearish channel (purple lines). All indicators are bearish. We continue to advise short positions as far as 1.03 is resistance. The breakout of 1.0230 will give a new sell signal and will open the way towards 1.0150. In case of return above 1.03, we will wait the breakout of 1.0350 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

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