Usd/Cad

I bet now, a bearish trend, and it looks like prices are getting ready to roll back to around 1.0040, so that if there will be a stop, then I will go on sale in the continuation of the movement ..

USD/CAD lost some momentum after hitting lower trend line and with 4 hours MACD crossed above signal line, a temporary low is formed at 1.0003. Intraday bias is turned neutral for some consolidations. But note again that break of 1.0231 resistance is needed to indicate near term reversal. Otherwise, outlook will remain mildly bearish. Below 1.0003 will extend the choppy fall from 1.0445 to retest 0.9799 low.

In the bigger picture, correction from 1.0656 is finished with three waves down to 0.9799 and rise from there is resuming the medium term rebound from 0.9406. Such rise from 0.9406 is either a correction to fall from 1.3063 or the third leg of the whole consolidation pattern from 2007 low of 0.9056. In either case, USD/CAD should target 38.2% retracement of 1.3063 to 0.9406 at 1.0803 first and possibly further to 100% projection of 0.9406 to 1.0656 from 0.9799 at 1.1049 before completion. Break of 0.9799 support is needed to invalidate this view or we'll stay bullish even in case of deep pull back.

here we have potential downward correction on hourly chart perfect fibonacci retracement on four hour chart which 38.2 percent is currently holding next area of targets stands at 0.9995 we are on overbought on hourly chart so more chances that pair will proceed to 0.9995 area.

The pair remains under pressure and is trading below 1.0056 (the maximum amount of futures past days), and the key resistance level 1.0091 (the maximum amount of weekly and monthly). Opportunities for further reduction still remain. If the pair can be fixed below current levels, to further reduce her need to overcome the protective pivot of parity 1.0001 (H4).

in the pair on Monday, did not miss a moment to catch her ​​at 9950-70, and buy with the objectives of higher parity at 100 pips) have tried to paint the bottom - all won back and the middle of the channel and the bottom .. now only the sample and test sereliny top) Canada likes to work in the corridors of the classical

the pair is trending down in a channel and the price in the last week closed in the down line of the channel so i think this weeks candle for this pair will be up candle

see the chart

Attachment 3458

USDCAD has been rejected by the support level at 0.9992
I think USDCAD may go up and try to reach the resistance level at 1.0069
But if USDCAD can break 0.9992 support and also the last Friday's low at 0.9979, the scenario will fail and USDCAD may fall to the lower support level at 0.9927

http://i49.tinypic.com/eb38lw.gif

The short term trend of the pair is to the downside. Intraweek trading range of the pair is expected among key support at 0.9800 and key resistance at 1.0200. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.

USDCAD likely to fall after touching the 1.0031 level. After heavy losses last Friday, until recently, this pair is still experiencing a correction. If appropriate scenario, the USDCAD may be down to the 0.9969 level

have to wait for sales so that the course was able to be fixed below the critical level of 1.0000 below which has not really want to let the bulls, with the strengthening of the path will be available for further reduction.