Home | Looking for something?

Friday, February 3, 2012

USD/CAD 03.02.2012


/ On : 12:25 PM
The USD / CAD is testing the upper limit of its downtrend channel (purple lines) and resistance to 1.0.
All indicators are bearish.
Parity is still evolving in its medium-term downward sloping (black line).
We continue to advise short positions that resistance is 1.0050.
The breaking of 0.9950 would signal a new sales and pave the way to 0.99.
In case of return above 1.0050, we will be neutral between this level and 1.0079.
The breaking of 1.0079 would give a buy signal.


Add us to your technorati favorites

Popular Posts

Brokers

Popular Post

FOREX TODAY ON FACEBOOK

TWIITTER 4EXTODAY

google+