US Dollar Canadian Dollar (USD/CAD) - 23/01/2008 - Archive

USD/CAD - US Dollar Canadian Dollar

USD/CAD - US Dollar Canadian Dollar

Short term (Intraday)

1,0282. USD CAD broke 1,0310 support. USD CAD is in an uptrend supported by 4H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,0230 / 1,0350 range. If the support is broken then the target will be 1,0140. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,0310 - 1,0365
Supports
1,0220 - 1,0140
updated 23 janv 2008 05:31 GMT +02:00

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