fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for CAD  Thu Nov 28, 2013 11:47 am | |
|  Technical Analysis for CAD The pair moved to the upside touching around the previous top at 1.0607. Linear Regression Indicators are positive as the pair is stable above the resistance level of the correction starting from 1.0607 and ended at 1.0181. Therefore, trading above 1.0515 is positive today. Support: 1.0555, 1.0525, 1.0500, 1.0475, 1.0455 Resistance: 1.0585, 1.0610, 1.0640, 1.0680, 1.0710 Recommendation Based on the charts, buy the pair above 1.0555 targeting 1.0610, 1.0680 then 1.0710 and stop-loss at four-hour closing below 1.0475 | |
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