1 Attachment(s)
Technical & Theoretical Analysis for USD/CAD
Theoretical analysis for USD/CAD
Attachment 14685
According to the chart the current price of this pair is 1.2794 and since last few days it has made a long down trend from the price 1.2997 to 1.2728 which was a long journey. Look the chart and its shown that it has started to go up, but i think it has more chances to go down more because CAD is going to be stronger within few days because there is a strong support with 1.2728 and if it will cross it then it may create more lower price.
Resistance: R1:1.2997, R2:1.2914,
Support: S1:1.2728, S2:1.2630
There also still chance to up and if it will reach 1.2914 then its next target will be 1.2997.