| USD-CAD Technical - 28/Feb |
| Written by Praful Patat |
| Monday, 28 February 2011 05:42 |
|
USDCAD is still in down trend progress. USDCAD tested projection at 0.9770 level. Now possibility to back from here or further going down side toward 0.9735 next projection. Break of 0.9735 further going down side toward 0.9604 target. If USDCAD will back from 0.9770, 0.9735 area then retrace to 0.9855, 0.9932 area.
New High: 0.9802, 0.9832, 0.9804.
New Low: 0.9743, 0.9773, 0.9745.
R3-0.9851, R2-0.9829, R1-0.9815, PP-0.9792, S1-0.9769, S2-0.9755, S3-0.9733
USDCAD is still in down trend progress. USDCAD tested projection at 0.9770 level. Now possibility to back from here or further going down side toward 0.9735 next projection. Break of 0.9735 further going down side toward 0.9604 target. If USDCAD will back from 0.9770, 0.9735 area then retrace to 0.9855, 0.9932 area. New High: 0.9802, 0.9832, 0.9804. New Low: 0.9743, 0.9773, 0.9745. Pivot: R3-0.9851, R2-0.9829, R1-0.9815, PP-0.9792, S1-0.9769, S2-0.9755, S3-0.9733 |