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USD/CAD : Test of the annual lows expected

Sentiment :

--- Follow up analysis ---
Here we are, the pair USD/CAD is currently testing its annual lows at 0.98, reached on May 1st. We continue to advise short positions as far as 0.9875 is resistance. The breakout of 0.98 will give an important new sell signal and will allow the price to pursuit its movement towards 0.9750 and 0.97.

In h1, the pair got out of its bearish channel during the week but is now back into it.

In case of return above 0.9875, we will be neutral between this level and 0.9920. The breakout of 0.9920 will give a buy signal.

Analysis published by Bruno, the 09/07/2012 at 8h50 GMT+2

Complete analysis

Complete sheet of the pair USD/CAD - Previous USD/CAD Analysis
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Chart of the pair USD/CAD - Timeframe 1H
USD/CAD Live Chart - Timeframe : 4h