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Monday, February 6, 2012

USD/CAD 06.02.2012


/ On : 11:53 AM
After falling last Friday on resistance to 1.0, the USD / CAD continued to lose ground in itsdowntrend channel (purple lines).
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 1.0039.
The breaking of 0.9950 would signal a new sales and pave the way to 0.99.
In case of return above 1.0039, we will be neutral between this level and 1.0079.
The breaking of 1.0079 would give a buy signal.


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