USD/CAD Technical Analysis (US Dollar / Canadian Dollar)
February 12, 2013 1:52 AM EST
|USD/CAD : Resumption of the uptrend|
--- New analysis ---
We recommend to trade only long positions as far as 1.0 is support. The next target is the resistance at 1.01. The breakout of this level will give a new buy signal and would allow the price to reach 1.0150. The bullish scenario is reinforced by a short term bullish slant (purple dotted line) which is now support (see previous analysis).
In case of return below 1.0, we will be neutral between this level and 0.9950.
Analysis published by Bruno, the 02/11/2013 at 8h45 GMT+2
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