fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for CAD  Mon Dec 09, 2013 8:49 am | |
|  Technical Analysis for CAD Great volatility is seen around 113% correction represented in 1.0660 as the pair started this week’s trading below the referred to level. Meanwhile, Linear Regression Indicators are positive and the pair is stable above 1.0605 so we expect more bullish attempts this week. Breaking 1.0555 and stabilizing below it could fail our positive expectations. Support: 1.0605, 1.0580, 1.0555, 1.0530, 1.0515 Resistance: 1.0660, 1.0700, 1.0725, 1.0770, 1.0805 Recommendation Based on the charts, buy the pair above 1.0630 targeting 1.0660, 1.0770 then 1.0805 and stop-loss below 1.0555 | |
|
