USD/CAD Technical Analysis (US Dollar / Canadian Dollar) - Forex
International Business Times
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February 16, 2013 1:56 AM EST

Forextribe
Updated the:
02/15/2013
USD/CAD : Resumption of the uptrend

Sentiment :
sentiment sur la parité AUD/USD
1.00
sentiment sur la parité AUD/USD
0.9950
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The pair USD/CAD has made a double top on 1.0080 earlier this week before starting a correction. The price is back on its medium term bullish slant (the third point of contact) and we can therefore expect a new upward wave in the coming days to 1.0080 and 1.01 in extension.

We recommend to trade only long positions as far as 1.0 stay support. This level is currently tested. A return above the resistance at 1.0036 will reinforce our bullish feeling. The breakout of 1.0080 will give a new buy signal.

In case of return below 1.0, we will be neutral between this level and the major support 0.9950.

Full analysis

Analysis published by Bruno, the 02/15/2013 at 8h45 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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