Thread: Usd/Cad
bullish trend will be standing when this pair can breaking level 0.9950 and that will bring this pair to level 0.9970 but if this pair can not breaking level 0.9950 and rejected from that level this pair will continue for bearish trend and reach level 0.9910 again
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I think USDCAD still in bearish trend now and it will continue today.
I think USDCAD still has a potential to continue falling today and may reach the next support level at around 0.9862
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USDCAD is still waiting to break the 0.9905 level. If broken, then chances are this pair will go down towards the 0.9864 level. However, if the pair rises above the pivot - 0.9928, then it is likely to rise to the level of 0.9951.
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USDCAD is now moving under the pivot - 0.9928. We wait whether this pair will penetrate the pivot or rejected. If it managed to climb above the pivot, then 0.9951, would be the next target. Conversely, if it rejected, then the 0.9887 to 0.9864, will be the goal
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I think us dollar will be stronger that canadian dollar today, i am waiting for economic news today
A pair of USD / CAD continues to traffic in a bearish trend, drawing on the next-step with the resistance at 0.9950 ... so I think on this level can be sold, the couple may still fall to the daily support at 0.9800 ...
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Buy USD CAD @ 0.9920
TP 1.0100
SL 0.9850
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Support & Resistance 09/08/2012
Sup 1 : 0,9973
Sup 2 : 1,0006
Sup 3 : 1,0026
PIVOT : 0,9954
Res 1 : 0,9921
Res 2 : 0,9902
Res 3 : 0,9869
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USDCAD is trying to reach the support level at 0.9927 now.
Then, if USDCAD can break that support level, this pair may continue the down trend today, and the next target is at around 0.9862 as the next support level of USDCAD
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Support & Resistance 08/08/2012
Sup 1 : 1,0008
Sup 2 : 1,0012
Sup 3 : 1,0018
PIVOT : 1,0002
Res 1 : 0,9998
Res 2 : 0,9992
Res 3 : 0,9988
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