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Thursday, February 16, 2012

USD/CAD 16.02.2012


/ On : 10:18 AM
The USD / CAD continues to hover around 1.0 to support after making a new test of supportat 0.9934 yesterday.
All indicators are bullish.
Parity is still evolving in its medium-term downward sloping (black line).
We continue to advise short positions that resistance is 1.0039.
Return less than 1.0 would strengthen our enthusiasm.
The breaking of 0.9934 would signal a new sales and pave the way to 0.99.
In case of return above 1.0039we will be neutral between this level and 1.0079.
The breaking of 1.0079 would give a buy signal.


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