Usd/Cad

Now see this pair of the U.S. dollar against the Canadian dollar below 1.0020 and stochastic gives overbought and this pair could break the resistance level 1.0030 we will see the upward trend
Support 0.9983
Resistance 1.0030

This pair has been trending down. However, the potential down movement remains valid as long as this pair is trading below 1.0040 and 1.0000.

usd/cad technical analysis by using : average directional movement index

adx : 15.5625
+di : 14.4922
-di : 14.4835
timeframe : 1 hour

time : 1800
date : 15.11.2012

Time Frame H4-
we can see just formation for bearish engulfing candlestick pattern and pivot point is also break with this formation.
there is down side movement is expected. we can short it with 1.0035 stop loss and 0.9982 take profit.

Usd/cad technical analysis for 16.11.2012 by using : Auto pivot indicator.

resistance 3:1.0078
resistance 2:1.0060
resistance 1:1.0036

pivot point :1.0018

support 1:0.9994
support 2:0.9976
support 3:0.9952

Elliott: correction zigzag 0.9958
Our preferred outlook is for a drift down to 0.9996 or below 0.9983. Resistances are at 1.0010 and 1.0019. A rise above 1.0033 would delay but not abort this expected fall.
Warning: End of trend
Technical points
Key point 0.9996
Entry point 1.0019
Elliott 1.0042
Closing 1.0010
Projection 0.9978
Trendline 1.0023
Trendline 1.0027
Supports / Resistances
Res 2 1.0055
Ex-High 1.0042
Res 1 1.0033
Pivot 1.0019
Sup 1 0.9996
Ex-Low 1.0005
Sup 2 0.9983

After continuous fluctuation near 1.0030, the pair start awaited bearish wave intraday term, where we still expect the downward trend that targets first level 0.9885, supports us Stochastic on the daily time frame.

Steam slowly but surely continues to form a new (sliding door stop from the bottom of the channel) of the wave, the pair is trading back above 1.0000 figure, and it seems the bulls still more, I think the course has the potential to get to the upper boundary of the channel.

USDCAD bullish initiate steps towards 1.0025 according to the upper limit of the bullish channel. However, bearish consolidation below 1.0000 to 1.0040 indicates bearish movement came, which requires 0.9980 early breakthrough.

H4 Candlestick Chart indicates the pair is up trend, MA(10) & MA(20) indicates the pair is up trend, MACD(12,26,9)indicates the pair is up trend,RSI(14)indicates the pair is up trend & Stoch(5,3,3) indicates the pair is up trend
My preference: If the price above 1.00229, It may be touched 1.00467
Alternative: If the price below 1.00005, It may be touched 0.99728
(Trade your own risk & analysis)