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USDCAD is moving around the support level at 0.9805. I think we can keep an eye on the current candle on H4 time frame. If the current or next candle can close above that support level, USDCAD may make a reversal movement and go up to the 0.9862 resistance level.
the current down movement are 0.9700 . if the price are break down then it is definatly to be 0.9770 . the price will go up to0.9715 to 0.9855 . it is mentioned target rise is expecting .
Husband found the U.S. dollar against the Canadian dollar strong ceiling at the 0.9885 level forced the price to bounce down to resume trading negative again, and this factor supports our expectations consistently downward trend on intraday and short term.
SMA 50 and Stochastic technical factors support our expectations and mainly targeting levels 0.9600, while always required to achieve stability below 0.9885
Expected trading range for today is between: support at 0.9600 and resistance 0.9945
General tendency is expected for the day: Down
USDCAD may make a reversal movement and go up to the 0.9862 resistance level. But if the current or the next candle can close below 0.9805 level, this pair may continue falling to the next support level at 0.9745
Usd/cad technical analysis for 05.10.2012 by using : Auto pivot indicator .
resistance 3:0.9938
resistance 2:0.9910
resistance 1:0.9856
pivot point :0.9828
support 1:0.9774
support 2:0.9746
support 3:0.9692
Very strong fall in the last few hours showed cad, pair could break through a number of strong levels of support (including medium-inclined) while to get into dangerous positions I expect the correction to the north, and from it can be sold.
Spoiler:
On the H1 chart, the price is below 12 EMA and 72 EMA indicates the trend is still down
50 RSI is below 50 indicates area trend is still down
Option: SELL
Take profit: 1.9700
Price suffered sideways pattern since the opening of the market until now limited to the price observed to move in the range of 0.9796-0.9810. prices are expected to decline in line with weakening trend.
Suddenly collapsed because cad, a pair easily overcame the lower boundary of the rising channel and then with great speed plummeted to the bottom, while the north is a correction, but to the north and about shopping not even think forward entry point for sales.
yesterday graphs Usd / Cad 0.9786 price closed at the upper limit and lower limit 0.9735 0.9810 in H1 TF.
we will wait to see if there will be a gap in the market opening Monday tomorrow. or did not happen at all