Updated the:
06/29/2012
USD/CAD : Neutral zone between 1.0230 and 1.03
Sentiment :
sentiment
1.03
sentiment
1.0230
sentiment
During the night, the Canadiand Dollar strongly appreciated against the US Dollar, making a 120 pips movement. The last bullish movement on the pair USD/CAD has been entirely retraced. This morning, a rebound occured on the lower band of the bullish on a 1h timeframe.This bearish rally makes appear a neutral zone between 1.0230 and 1.03. Two scenarios are possible:

1. A return above 1.03 which indicate a return of the bullish trend. A test of the resistance at 1.0361 will be then expected. The breakout of this level will give a new buy signal

2. The breakout of the support at 1.0230. A test of the major support at 1.0160 should then occured. The breakout of this level will give a new sell signal.

Analysis published by Bruno, the 06/29/2012 at 9h16 GMT+2

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