| USD-CAD Technical - 29/March |
| Written by Praful Patat | ||||||||||||||||||||
| Tuesday, 29 March 2011 04:55 | ||||||||||||||||||||
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USDCAD is doing sideway movement on 4 hour chart. Also USDCAD is forming triangle on 1 hour chart, break of 0.9743 support further going down side toward 0.9717, 0.9687 and break of 0.9783 resistance going up side toward 0.9806 on intraday. USDCAD backed from 0.9962 (Fib No. 78.6%), extension 0.9561, 0.9424 still in progress on daily chart. In USDCAD strong support at 0.9738 break of this support next target will extension.
Strategy: USDCAD sell at 0.9770 target 0.9717, 0.9690 stop loss 0.9822
New High: 0.9801, 0.9842, 0.9820
New Low: 0.9719, 0.9760, 0.9738
R3-0.9862, R2-0.9831, R1-0.9812, PP-0.9780, S1-0.9749, S2-0.9729, S3-0.9698.
USDCAD is doing sideway movement on 4 hour chart. Also USDCAD is forming triangle on 1 hour chart, break of 0.9743 support further going down side toward 0.9717, 0.9687 and break of 0.9783 resistance going up side toward 0.9806 on intraday. USDCAD backed from 0.9962 (Fib No. 78.6%), extension 0.9561, 0.9424 still in progress on daily chart. In USDCAD strong support at 0.9738 break of this support next target will extension. Strategy: USDCAD sell at 0.9770 target 0.9717, 0.9690 stop loss 0.9822 New High: 0.9801, 0.9842, 0.9820 New Low: 0.9719, 0.9760, 0.9738 Pivot: R3-0.9862, R2-0.9831, R1-0.9812, PP-0.9780, S1-0.9749, S2-0.9729, S3-0.9698.
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