USD/CAD : Increase of the volatility
--- New analysis ---
After a strong bullish movement on September 16th, the pair USD/CAD has retraced all its last movement, making appear an increase of the volatility. Currently, the price is testing the support at 0.9764. This last movement led to the breakout of the short term bullish slant (blue line in h1).
We are neutral between 0.9764 and 0.9811. We advise to wait an exit of this range to take position:
- Long above 0.9811. We will then expect a new test of the major resistance at 0.9850 and 0.9880 in extension.
- Short below 0.9764. A return on 0.9713 and 0.97 in extension will be expected.
Analysis published by Bruno, the 10/18/2012 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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