Usd-cad

[activ]

USD-CAD
1.0648. It looks set for gains to above 1.0680. Supports at 1.0606 and 1.0621. A break of 1.0590 will damage this bullish structure.

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1.0705. Our preferred view is for a drift down to 1.0684 or below 1.0663. Resistances is at 1.0693. A rise above 1.0730 would delay but not abort this expected fall

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تحرك الدولار مقابل الدولار الكندي فوق مستوى الدعم الرئيسي 1.0690 يوم أمس ، اذ نجح بملامسة مستوى المقاومة الرئيسي 1.0735 ، الذي دفع به مرة أخرى نحو الأسفل عند المستويات التي فتح عندها. نتوقع اليوم أن تستمر حركة الزوج على نحو حيادي مع ميل نحو الأسفل.

مستويات التداول لليوم قد تكون ما بين مستوى المقاومة الرئيسي 1.0735 ومستوى الدعم الرئيسي 1.0630

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الاتجاه العام للدولار الكندي ما زال للأسفل طالما بقي عند 1.1220 ،الأهداف ستكون عند 1.0320 و 1.0478

[ngurah]

USDCAD

Price: 1.0596

Resistance: 1.0606 ... 1.0639 ... 1.0665 ... 1.0686

Support: 1.0572 ... 1.0547 ... 1.0527 ... 1.0497
Daily Bullish: The breach of 1.0635-40 has triggered stronger losses. However, within the decline I see potential for a pullback from the 1.0572 low and this will require a break back above 1.0606 which should retest the 1.0539-53 area at least. At the most we may just see a retest of 1.0665. However, this should be the most we see. Thus a stronger bullish stance will require a break above 1.0670 and then we would see the elastic band whip us back to the 1.0757 high.

MT Bullish: The break of trend support suggest the upside is complete. Thus to revert to a more bullish picture we shall need to see break above this line around 1.0653-65. Then we�d be looking for 1.0757 again & above. (June 29th)

Daily Bearish: The break of the trend support opens up the downside again. However, I do feel we should see a retest of the trend line which is around 1.0653-65 and from there we should see stronger losses. A move below the 1.0572 low seen yesterday would extend the downside through the 1.0547 low and down to 1.0467-97 at least.

MT Bearish: The break lower looks ominous although we are not that far from an initial low. While 1.0653-65 caps we should see losses down to 1.0467-97 at least � below and the floor opens up� (June 29th)

Happy trading sm_smile

[johnsmith]

Daily Retracements For UsdCad for all of 2007

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This topic is being updated for further discussions...

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This topic is being updated for further discussions...