Different Scenarios USD/CAD 15/7/14

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Jul 15, 2014 5:20 PM

There is potential for short-term uptrend in consideration of the bullish divergence on the MACD.

The red horizontal resistance levels would decide further movements. But for now market is bullish.

Comments

PropTrader_one

⋅ Jul 15, 2014 6:04 PM

next day we have big news about CAD. what is expected ?

ali.se.18

⋅ Jul 15, 2014 7:36 PM

Interest rate will likely stay at 1% and the reports and speeches should give a small optimism in the CAD but nothing special for pushing the price.

ali.se.18

⋅ Jul 15, 2014 7:37 PM

More important are the USD values, which are going to release before the CAD news. They should press the price towards at least 1.08