USD/CAD : Return above the major resistance at 0.9850
--- New analysis ---
A strong bullish movement occured yesterday on the pair USD/CAD who broke the major resistance at 0.9850, giving us a buy signal. The price continues to move above a short term bullish slant (blue line in h1).
We now advise to trade only long positions as far as 0.9811 is support. We expect a test of the resistance at 0.99. The breakout of this level will give a new buy signal and should open the way towards 0.9950.
In case of return below 0.9811, we will be neutral between this level and 0.9764.
Analysis published by Bruno, the 10/17/2012 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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