| USD/CAD Technical Analysis - May/16 |
| Written by Praful Patat |
| Monday, 16 May 2011 04:56 |
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USDCAD reversed from 61.8% (0.9541), extension 0.9786, 0.9880 area, also confirm Head and Shoulder pattern on 4 hour chart. USDCAD break of 0.9744 resistance further going up side toward 0.9786 on intraday. In USDCAD minor resistance is at 0.9767 also 61.8% of 0.9973 to 0.9437, if USDCAD will reverse from 0.9767 then extension is 0.9289, 0.9102 in bigger range.
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