USD/CAD : Increase of the volatility
--- Follow up analysis ---
The pair USD/CAD has continued its bullish rally on Friday. The movement has stopped on the resistance at 0.9950 (highs of the end of August). Currently, the price is making a small correction that could pursuit towards the support at 0.9981 (last highs). The pair is still moving above its short and medium term bullish slants (purple lines).
We stay bullish as far as 0.9850 is support. The breakout of 0.9950 will give a new buy signal and will allow a test of the psychological level at 1.0. In case of return below 0.9850, we will be neutral between this level and 0.9813.
Analysis published by Bruno, the 10/22/2012 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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