The USD/CAD pair fell this past week, as the parity level has finally fought off the bulls. The pair dipped below the 0.99 level, and looks to fight the support levels now. However, there are simply far too many minor and major levels until we get below the 0.97 level to be short of this pair. The upside is capped by not only the parity level, but the 1.01 level as well. With this in mind, we are flat in this pair, as there are many other charts in the Forex markets that are much cleaner.

USD/CAD

USD/CAD Forecast for the Week of March 5, 2012, Technical Analysis

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

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
0.9885
0.9889
0.9892
0.9896
0.9899
0.9903
0.9906

 Fibonacci
0.9889
0.9891
0.9893
0.9896
0.9898
0.9900
0.9903

 Camarilla
0.9894
0.9895
0.9895
0.9896
0.9897
0.9897
0.9898

 Woodie's
-
0.9889
0.9892
0.9896
0.9900
0.9903
-

 DeMark's
-
-
0.9901
0.9896
0.9894
-
-