USD/CAD Technical Analysis - 25/AprilBy Praful Patat 05:00 GMT USDCAD is doing side way movement on 1 hour chart, break of 0.9545 resistance further going up side toward 0.9581 and break of .9506 support further going down side toward 0.9465 on intraday. USDCAD reversed from 38.2% (0.9696) of 0.9973 to 0.9427, extension 127.2% (0.9404), 161.8% (0.9248) on daily chart still in progress. USDCAD is forming Head and Shoulder pattern on 15min chart, confirm after going up side toward 0.9584 then come down to .9536 and reverse from .9536. New High: 0.9543, 0.9557, 0.9554. New Low: 0.9515, 0.9529, 0.9526.
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