USD/CAD Technical Analysis (US Dollar / Canadian Dollar) - Forex
International Business Times
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February 19, 2013 2:17 AM EST

Forextribe
Updated the:
02/18/2013
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 ---
Last Friday, the pair USD/CAD  has resumed its upward trend and is currently testing the resistance at 1.0080. This level led twice to a correction last week. The rebound of the price has allowed the validation of our medium-term bullish slant (purple line - 3 points of contact).

We continue to advise long positions as far as the psychological level at 1.0 is support. The upward break of 1.0080 will give a new buy signal but the price must overcome another resistance at 1.01 (highs of late January) before a new upward acceleration towards 1.0150.

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 02/18/2013 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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