USD/CAD Technical Analysis (US Dollar / Canadian Dollar) - Forex
International Business Times
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January 29, 2013 1:59 AM EST

Forextribe
Updated the:
01/28/2013
USD/CAD : Triple bottom pattern ?

Sentiment :
sentiment sur la parité AUD/USD
1.0040
sentiment sur la parité AUD/USD
1.0
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The pair USD/CAD has continued its bullish rally in recent days. A new upward momentum came at the break of the resistance at 1.0040. The price has reached the ultimate objective of our triple bottom pattern at 1.0050 and is currently testing the resistance at 1.01.

We continue to advise long positions as far as 1.0040 is support. A pullback could occur on this level before a pursuit of the upward trend. Indeed, since 0.99, the pair scored no correction. The break of 1.01 will give a new buy signal and open the way to 1.0150. The next resistance is at 1.0223.

In case of return below 1.0040, we will be neutral between this level and the psychological level at 1.0.

Full analysis

Analysis published by Bruno, the 01/28/2013 at 9h05 GMT+2

- Complete sheet of the pair USD/CAD - Previous USD/CAD Analysis -
Chart of the pair USD/CAD - Timeframe 1H
USD/CAD Technical Analysis
Chart of the pair USD/CAD - Timeframe 4H
USD/CAD Technical Analysis
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