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USD/CAD Technical Analysis - 29/AprilBy Praful Patat 05:00 GMT USDCAD is consolidation on 4 hour chart; break of 0.9454 next target will be 0.9427 on intraday. USDCAD strong resistance is at 0.9563 break of 0.9563 down trend change as neutral up trend. USDCAD reversed from 38.2% (.9555) of 0.9720 to 0.9453 extensions at 0.9381, 0.9288 still in progress. USDCAD will reverse from 0.9427-0.9405 area again on up side. USDCAD break of 0.9427 support then next target will be 0.9381 on intraday. New High: 0.9513, 0.9541, 0.9534. New Low: 0.9456, 0.9484, 0.9477.
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