USD/CAD : Into a neutral zone between 0.9775 and 0.98
--- Follow up analysis ---
The pair USD/CAD got out yesterday of its neutral zone 0.9775/0.9850 from the bottom, giving us a sell signal. This led to the breakout of the bullish slant in h1 (blue line).
We continue to advise long positons as far as 0.98 is resistance. The breakout of the support at 0.9720 will give a new sell signal and should allow the price to reach the lower band of its bearish channel in h4 (black lines) towards 0.9685 and in extension the support at 0.9650.
In case of return above 0.98, we will be neutral between this level and the major resistance at 0.9850.
Analysis published by Bruno, the 09/21/2012 at 8h45 GMT+2
Chart of the pair USD/CAD - Timeframe 4H - Zoom in :
Chart of the pair USD/CAD - Timeframe 1H
|USD/CAD Live Chart - Timeframe : 4h|
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