Usd/Cad

[raihan8212]

The U.S. dollar was lower against the Canadian dollar on Wednesday, ahead of the release of the Bank of Canada�s monetary policy report and the Federal Reserve�s rate statement later in the session.

USD/CAD hit 0.9889 during early U.S. trade, the pair�s lowest since October 19; the pair subsequently consolidated at 0.9910, slipping 0.13%.

The pair was likely to find support at 0.9843, the low of October 19 and resistance at 0.9974, Tuesday�s high and a two-and-a-half month high.

The BoC was to release its monetary policy report later in the session, which was to be followed by a press conference with Governor Mark Carney to discuss Tuesday�s rate decision.

The BoC left its benchmark interest rate unchanged at 1.00% and indicated that while policymakers believe rate hikes may still be required they are unlikely to come in the near future.

The greenback remained supported as weak euro zone PMI�s and deteriorating German business sentiment data earlier in the day supported safe haven demand.

[gandha]

USDCAD long term uptrend has managed to create, support resistance level 0.9987 is likely to be difficult to penetrate, vote this time buy for the session with the reason for the crossing up the 24 with ma ma 8

[hazem ahmed mohamed]

we have a resistance level on the daily chart @38.2% so i predict that USDCAD will move downward on the short term and i suggest selling this pair now our target point will be@23.6%.

[great white]

USDCAD’s downward movement from 1.0445 extends to as low as 0.9713.
Further decline could be expected after a minor consolidation, and next target would be at 0.9650 area.
Resistance is at 0.9800, as long as this level holds, the downtrend will continue.

[Robi]

Do not quite understand the situation now exists, the pair after yesterday's sharp decline today is trading virtually unchanged, while noticeable that the course is not allowed below 9900 figures, probably from it will resume growth.

[forexking2]

Expected trading range for today is between: Support 0.9800 and resistance 1.0100

General tendency is expected for the day: UP

[ashaab]

The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 0.9725 and key resistance at 0.9970. Based upon my chart analysis, I prefer to buying the pair above 0.9900 with targets 0.9945, 1.0000 then 1.0040 and stoposs with four hour candle closing below 0.9825.

[forexking2]

usd/cad both sides in the past two days, refers to the difficulty of achieving the bullish trend that we adopted in weighted to breach through the 0.9885 level, especially since the stochastic appears saturated evident in the purchase.

[nurdiantofxwave]

USD/CAD continue its downward movement, although had try to rose yesterday in american session market. Now price still in under pressure and following down trend. Level 0.9891 will be next level that can touch price if it still continue down.

[romannil]

Usd/cad technical analysis for 24.10.2012 by using : Auto pivot indicator.

resistance 3:1.0049
resistance 2:1.0013
resistance 1:0.9969

pivot point :0.9933

support 1:0.9889
support 2:0.9853
support 3:0.9809