Usd/Cad

[ahmed fakhry]

The Canadian dollar rose after getting parity with the U.S. dollar, which was the first time since August, as the appetite for risk among investors has declined. The currency tried go even move higher after the published data which showed that the raw materials prices and the prices of industrial products rose more than analysts had forecasted.

[hodhod2000]

It looks like USD/CAD has formed a short term top at 1.0019 on bearish divergence condition in 4 hours MACD. Intraday bias is turned neutral for some consolidations and deeper retreat could be seen. But downside should be contained by 0.9888 support and bring another rally. Above 1.0019 will extend the rise fro 0.9633 to 61.8% retracement of 1.0455 to 0.9633 at 1.0141 next.

[new-FX]

Stopped rising USD / CAD near resistance at 1.0030
To bounce trades down in a quiet yet with stochastic entering overbought areas.

Weighted decline for the day designed to test the level of 0.9885 and breaking this level will open the door of the bearish trend, while penetrating 1.0030 stop suggested bearish trend

[ashaab]

The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 0.9800 and key resistance at 1.0045. Based upon my chart analysis, I prefer to selling the pair around 1.0000 with targets 0.9950, 0.9910 then 0.9875 and stoploss with four hour candle closing above 1.0040.

[romannil]

Usd/cad technical analysis for 31.10.2012 by using : Auto pivot indicator.

resistance 3:1.0055
resistance 2:1.0038
resistance 1:1.0015

pivot point :0.9998

support 1:0.9975
support 2:0.9958
support 3:0.9935

[great white]

USDCAD’s upward movement from 0.9763 extends to as high as 1.0019. Support is now located at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the upward movement could be expected to continue, and next target would be at 1.0050 area. On the downside, a clear break below the channel support will suggest that a cycle top is being formed, then pullback to 0.9800-0.9850 area could be seen.

[nurdiantofxwave]

USD/CAD able to block the rate of decrease trend. since yesterday, price fell down otherwise in previous day, price can rise strong. this condition affect to change of trend in short term from up to down. Price may still move bearish today.

[raihan8212]

The U.S. dollar came off a three-month high against the Canadian dollar in on Tuesday, falling below parity in light, thin trade as U.S. markets remained closed for a second day in the wake of Hurricane Sandy.

USD/CAD hit 0.9992 during early U.S. trade, the session low; the pair subsequently consolidated at 0.9992, shedding 0.18%.

The pair was likely to find support at 0.9941, Friday�s low and resistance at 1.0017, the session high and the pair�s highest since August 3.

Market sentiment was boosted after the initial damage caused by the massive storm appeared to have been less severe that some had feared.

In Canada, official data showed that producer prices rose for the first time in five months in September.

Statistics Canada said producer price inflation rose by 0.5%, ahead of expectations for a 0.2% increase. The cost of raw materials for manufacturing was up 1.3% in September, outstripping expectations for a 1.1% increase.

Concerns over the fiscal and economic outlook for Spain persisted after official data showed that the country�s economy contracted by 0.3% in the third quarter, extending the recession into a fourth quarter.

The data came one day after Spanish Prime Minister Mariano Rajoy said he would request a bailout "when I think it is in the interests of Spain".

[najmul.djd]

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

adx : 37.9560
+di : 6.1464
-di : 24.6101
timeframe : 1 hour

time : 1800
date : 30.10.2012

[forexking2]

The trading range for today is among the key support at 0.9800 and the key resistance at 1.0045.

The short term trend is to the downside steady daily closing below the levels of 1.0125, with targets at 0.9400