|USD/CAD : The bearish rally continues after the breakout of the annual lows|
--- New analysis ---
In h4, the pair got out from the bottom of its bearish channel (black lines), showing the strengh of the movement. We continue to advise short positions as far as 0.9768 is resistance. The breakout of 0.9650 will give a new buy signal and will open the way towards 0.96.
In case of return above 0.9768, we will be neutral between this level and 0.98.
Analysis published by Bruno, the 09/14/2012 at 8h50 GMT+2
|Complete sheet of the pair USD/CAD - Previous USD/CAD Analysis|
|Chart of the pair USD/CAD - Timeframe 4H - Zoom in :|
|Chart of the pair USD/CAD - Timeframe 1H|
|USD/CAD Live Chart - Timeframe : 4h|