USD/CAD : Take up of the bearish trend
--- Follow up analysis ---
The pair USD/CAD has failed to pursuit its bearish movement these last days and a bullish slant appeared on the short term (blue line in h1). However, the trend is not put in danger due to the resistance at 0.9820.
We continue to advise short positions as far as this level is resistance. The breakout of the bullish slan will comfort our bearish feeling and should allow the price to reach the support at 0.9737 for a new test.
In case of return above 0.9820, we will be neutral between this level and 0.9850. The breakout of 0.9850 will give a buy signal.
Analysis published by Bruno, the 10/16/2012 at 8h45 GMT+2
Chart of the pair USD/CAD - Timeframe 4H
Chart of the pair USD/CAD - Timeframe 1H
|USD/CAD Live Chart - Timeframe : 4h|
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