the pair has succeeded in breaking the level of 0.9600 , so that's mean the uptrend is still standing and the pair might continue it's up movements heading to 0.9650 and then 0.9680
Printable View
the pair has succeeded in breaking the level of 0.9600 , so that's mean the uptrend is still standing and the pair might continue it's up movements heading to 0.9650 and then 0.9680
USD/CAD rose again during the Tuesday session, and the 0.96 handle has been breached again. The pair is still in a massive downtrend, but with all of the debt crisis issues and sovereign risk fears out there, the world is buying USD.
i think traders on this pair should go for short positions under 0.9655 level with targets at 0.959 and 0.955 in extension.
and if the diriction reverse above 0.9655 look for further upside with 0.9695 and 0.971 as targets.
But if the pair failed to break the support level 0.9503, it will target the support level 0.9441 and if the pair succeeded to be stable below this level, it will target the support level 0.9399.
the pair has succeeded in breaking 0.9700 and reached 0.9750 , so that's mean the up trend is still standing and the pair might head to 0.9770 and the 0.9800 . good luck .
USD/CAD is posting the biggest daily gain in months and currently is testing July highs above 0.9770. greenback accelerated the upside versus against the Loonie after breaking above 0.9670. So far it peaked at 0.9772, the strongest level in three weeks.
yes they constantly touch 0.9770 level(on my chart they even touch the 0.9975), it seems they clearly break the first resistance, an important level will be at 0.9820 fir a further bullish:)Quote:
Originally Posted by niteshforex
i think traders on this pair can go long positions above 0.9715 level with targets at 0.9815 and 0.985 in extension.
and if the price go below 0.9715 level look for more downside with 0.9685 and 0.965 as targets.
good luck
USD/CAD pair erased some of its losses after the ISM services index was released, where the ISM services index showed activities eased in July to 52.7 below expectations of 53.5, which spread further concerns over the outlook of the U.S. economy, especially as the ISM manufacturing index for the same month also showed easing activities in July.
as we can see from the chart has success in breaking the level of 0.9800 and now the pair is trading under it , that's mean the down trend is standing and the pair might head to 0.9730 then 0.9700 ,