Updated the:
08/02/2012
USD/CAD : Test of the psychological level at 1.0
Sentiment :
"sentiment
1.0105
"sentiment
1.0105
"sentiment
The pair US/CAD has continued these last days its bearish trend and is currently moving just above the psychological level at 1.0. In h4, we see that the pair is moving into a falling wedge.

A pursuit of the bearish movement stay possible as far as the price is below the resistance at 1.0105. The bearish objective is set at 0.9950. The breakout of 1.0 will give a new sell signal.

However, in case of return above 1.0105, a buy signal will be given. This will indicate an exif of the falling wedge. A quick return on 1.0167 could be then expected.

Analysis published by Bruno, the 08/02/2012 at 9h00 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 1H
"USD/CAD
USD/CAD Live Chart - Timeframe : 4h
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