According to the H1 chart USDCAD pair has resistance level at 1.0170 area . I expect this pair will go 1.0130 area. If USDCAD break 1.0170 resistance level successfully this pair will go 1.0190 area.
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On CAD clearly noticeable that the couple are under intense pressure as the Bears (in the form of oblique medium level) and bulls (in the form of a horizontal support level of 0250) and they form a converging triangle according to the rules of technical analysis to expect a breakthrough one of the boundaries, it is likely to the southern boundary of which will open 0100 figure.
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After breaking the support level 1.0185 price loosely consolidated just below it, and that's the last two candles are clamped down even more, so I think before the trading week should see another push down to the exemplary purposes 1.0010 ..
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The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 1.0075 and key resistance at 1.0215. According to my chart reading, I prefer to selling the pair below 1.0185 with targets 1.0140, 1.0100 then 1.0085 and stoploss with four hour candle closing above 1.0215.
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Usd/cad
bhai mere Main ye thread USD/CAD ke debationg ke liye bana raha hain. all friennds or all members ko ya post karne ke liye welcome karta hoon.
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The currency pair is corrected by suspending reduction border rising trend line (H4), and continuing formation of a bearish impulse wave A and C (H1-H4). Signal for a turn yet. Price is on the border of resistance - level 1.0166 (yesterday's daily volume). The role played by the strong resistance level of 1.0188 (previous monthly volume), which yesterday was hurt. Break of this level opens up the space for the growth of key resistance 1.0241 (monthly and weekly volume of futures), which also forms the border descending trend line (H4), which protects a downward spiral. In case of breaking the boundaries rising trend line (H4), the target level of support at around 1.0120 (previous monthly volume). Fundamental data expected today, it should be noted Canada's GDP, which is expected to rise to 0.1% on a monthly ischeslenii.
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usd/cad
sell.1.3445
poritf.1.3400
loss.1.3470
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As you see in my following attached chart, the pair continues its quiet decline and settled below the correctional bearish channel, to activate the bearish trend expectations on the intraday and short term basis, where the targets now begin at 1.0035
Breaking below 1.0140 is required now to confirm the continuation of the bearish trend and the cancelation of the effect of Stochastic current positivity.
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Usd/cad analysis for 03.28.2013 by using pivot indicator.
r3: 1.0261
r2: 1.0241
r1: 1.0200
pivot: 1.0180
s1: 1.0139
s2: 1.0119
s3: 1.0078
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