Monday, February 7, 2011

USD/CAD | Technical Analysis | 7 February 2011

USD/CAD | Technical Analysis | 7 February 2011

Support levels: 0.9820, 0.9711, 0.9650
Resistance levels: 1.0057, 1.0050, 1.0212

On a 4-hour graph the USD/CAD currency pair is rolling back after it refreshed a 32-month low. If the downside movement remains, break of the 0.9820 support level will target the pair to 0.9711. In this case the viewpoint to the pair will become bearish. Read more