USD/CAD Technical Analysis (US Dollar / Canadian Dollar) - Forex
International Business Times
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March 2, 2013 12:53 AM EST

Forextribe
Updated the:
03/01/2013
USD/CAD : Resumption of the uptrend

Sentiment :
sentiment sur la parité AUD/USD
1.02
sentiment sur la parité AUD/USD
1.0150
sentiment sur la parité AUD/USD

--- Follow up analysis ---
Earlier this week, the pair USD/CAD has validated the break of the resistance at 1.0228 (highs of July), giving us a new buy signal. After a pullback on this level support, the bullish resumed towards the resistance at 1.0350. On the short term, the pullback has led to a break of the bullish slant (blue line) but the price continues to move along this slant as resistance.

We continue to advise long positions as far as 1.02 is support. The break of 1.0350 will give a new buy signal and should allow the price to test the daily resistance at 1.04 (highs of December 2011 and June 2012).

In case of return below 1.02, we will be neutral between this level and 1.0150 (level of the short term bullish slant - purple dotted line).
Full analysis

Analysis published by Bruno, the 03/01/2013 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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