USD/CAD : Increase of the volatility
--- Follow up analysis ---
The volatility is still strong on the pair USD/CAD who got out with strengh from the top of its range 0.9764/0.9811, giving us a buys signal. The price just get over the major resistance at 0.9850. The short term bullish slant (blue line) also appears on the medium term (purple line).
We continue to advise long positions as far as 0.9811 is support. The breakout of 0.9916 will give a new buy signal and will open the way towards 0.9950.
In case of return below 0.9811, we will be again neutral between this level and 0.9764. However, the apparition of a V-Bottom on the last movement let us think that a pursuit of the bullish movement is more likely to happen.
Analysis published by Bruno, the 10/19/2012 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|