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 Technical Analysis for CAD

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fxpulsation




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Join date : 2012-01-25

Technical Analysis for  CAD Empty
PostSubject: Technical Analysis for CAD   Technical Analysis for  CAD Icon_minitimeThu Jan 23, 2014 1:35 pm

Technical Analysis for  CAD Instaforex_mb_760x151_en

Technical Analysis for CAD

USDCAD broke sharply higher, negating the bearish correctional scenario, and confirming a major bullish break above 1.1000 psychological level. Further upside is likely now, although we might see a minor pullback following the strong overbought signals, but the bullish scenario is favored.

Support: 1.1100, 1.1080, 1.1050, 1.1020, 1.0995
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