fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for CAD  Mon Mar 03, 2014 11:01 am | |
|  Technical Analysis for CAD USDCAD is pushing back lower retesting the short-term support at 1.1050 level, a break below 1.1050 may confirm another move lower, within the context of the corrective wave that started from 1.1223 high. The bearish correctional scenario is favored this week, as the recent bullish move failed to reach the recent highs forming a bearish candlestick formation. Support: 1.1050, 1.1025, 1.0980, 1.0950, 1.0920 Resistance: 1.1090, 1.1120, 1.1150, 1.1175, 1.1200 Recommendation Short below 1.1090, targets at 1.1025,1.0980 and 1.0950. Stop loss above 1.1175. | |
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