US Dollar Canadian Dollar (USD/CAD) - 07/02/2008 - Archive

USD/CAD - US Dollar Canadian Dollar

USD/CAD - US Dollar Canadian Dollar

Short term (Intraday)

1,0095. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a resistance below 1,0130. The consolidation should continue. If the resistance is broken then the target will be 1,0350 (250 pips).

Resistances
1,0130 - 1,0160
Supports
1,0080 - 1,0025
updated 07 févr 2008 21:42 GMT +02:00

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