Usd/Cad

[raihan8212]

Canadian housing starts declined less-than-expected in September, official data showed on Tuesday.

In a report, the Canada Mortgage and Housing Corporation said that the seasonally adjusted annual rate of housing starts fell to 220,200 units in September from 225,300 units in August, whose figure was upwardly revised from a previously reported 224,900 units.

Analysts had expected Canadian housing starts to dip to 208,000 units in September.

Commenting on the report, deputy chief economist at CMHC�s Market Analysis Centre Mathieu Laberge said, �The monthly decrease posted in September was mostly due to a decrease in urban multiples starts.�

�Following a period of elevated housing starts activity due to strong volumes of multi-family unit pre-sales in 2010 and 2011, the pace of housing starts is expected to moderate,� he added.

Following the release of the data, the Canadian dollar held on to gains against its U.S. counterpart, with USD/CAD shedding 0.23% to trade at 0.9748.

[Irika]

\\\\\On the hourly chart visible converging triangle formed, the pair is now trading near the lower boundary of its - Support 9743, most likely it will break it, as the course has appreciated steadily below the moving alligator.\\\\

[VANDA_S]

On the H1 chart, the price is below 12 EMA and 72 EMA indicates the trend is still down
21 RSI is below 50 indicates the trend is still down
RECOMMENDATION: SELL
Take profit: 0.9714

[nurdiantofxwave]

USD/Cad retraced from daily support 1 level (0.9746) and rise back to asian market opening price ago. The level 0.9773 become next barrier level for price to move up. And if price can break this level, it may continue bullish momment but will be limited around 0.9785-0.9792 area as overbought area in mbfx indicator.

[alskndry]

USDCAD is moving between the support and resistance level now.
If USDCAD can break the resistance level at 0.9804, this pair will go up to the next resistance level at 0.9862. But if USDCAD can break the support level at 0.9749, it will open a chance for USDCAD to fall and reach the next support level at 0.9692.

[smart]

Maintains pair of the U.S. dollar against the Canadian dollar on the stability without the barrier of 0.9800, while stochastic continues bearish him on the daily time frame.
From here, our expectations for the bearish trend remains constant and objectives begins the day at 0.9600-0.9565
Expected trading range for today is between: support at 0.9565 and resistance 0.9885

General tendency is expected for the day: Down

[azam01]

Today USD/CAD p.p is 0.9771. now price is 0.9750 below PP.
1H chart is 1 candle up, 4H chart 2 candle down, daily chart 4 candle down.
Over all trend down. next target may be 0.9722-0.9700

[romannil]

Usd/cad technical analysis for 09.10.2012 by using : Auto pivot indicator.

resistance 3:0.9849
resistance 2:0.9825
resistance 1:0.9798

pivot point :0.9774

support 1:0.9747
support 2:0.9723
support 3:0.9696

[tradergalau]

USDCAD is moving between the support and resistance level now.
If USDCAD can break the resistance level at 0.9804, this pair will go up to the next resistance level at 0.9862. But if USDCAD can break the support level at 0.9749, it will open a chance for USDCAD to fall and reach the next support level at 0.9692.

[Macintosh]

Yes indeed levels for the pair USD / CAD work quite well ... there are a couple of down trend and successfully makes its way down and rolled back down again is 0.9770 ... just might be a level of ... especially since there is a little stop and start Stochastic wrap down ... so I think we will fall ..