Invezted

Usd/Cad Roadmap for 29.06.15

FX:USDCAD   U.S. Dollar / Canadian Dollar
124 0 6
Context:

price rejected the mean and formed a lower high on the way at 23850 tthe downside momentum increased aswell
we trade now at tthe lows of 23150 and price makes a pause , but to say that this is a reversal , we need to see
buying coming into the markets and on a reaction to the downside we need to see a lessening of the downward
progress ie. a higher low before considering an attempt to test the 50% mark at 23530 , which if price rejects this
hard, is a sign of weakness , if the downward progress continues. the next level of interrest will be 22760

Trading Opportunities:
Long:

Reversal at current demand level of 23150
Reversal at 50% mark of 22760

Short:
Retracement at 50% mark of 23530

Signs of strength:
none

Signs Of weakness:

rejection of the mean at 23850
increased downside momentum

Support:
22760
22200

Resistance:
23530
23700
23850

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