USD/CAD fell during the session on Tuesday as the markets continue to grind around the parity level. The market seems to be capped at the 1.01 level, and the support runs all the way down to the 0.9750 level. With this in mind, more choppiness is in the cards for the near term, and this keeps us flat in this market. As long as the oil markets remain volatile, this pair will as well. The breaking above the 1.01 level on a daily close will be our signal to buy, and a daily close below the 0.9750 is what it would take for us to sell.

USD/CAD

USD/CAD Forecast February 15, 2012, Technical Analysis

USD/CAD Pivot Points (Time Frame: 1 Day)

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
0.9845
0.9894
0.9925
0.9974
1.0005
1.0054
1.0085

 Fibonacci
0.9894
0.9924
0.9943
0.9974
1.0004
1.0023
1.0054

 Camarilla
0.9934
0.9941
0.9948
0.9974
0.9963
0.9970
0.9978

 Woodie's
-
0.9889
0.9916
0.9969
0.9996
1.0049
-

 DeMark's
-
-
0.9989
0.9966
0.9909
-
-