novvoll12

USDCAD Neutral – Consolidates within a 2-month rising channel

FX:USDCAD   U.S. Dollar/Canadian Dollar
93 1 1
USDCAD             1.3267 – Neutral – Consolidates within a 2-month rising channel

USDCAD             pulled back off the 1.3456 multi-year high (September 29, 2015) following completion of a 2-month rising channel (linking July 29 low/August 25 high, 2015). Near term supports are 1.3174 (September 21, 2015 low) then 1.3116 (August 31/September 1, 2015 lows) where a swing low remains favored ahead of the next upleg towards 1.3331 (October 1, 2015 high). However, a break below the 1.3116 area would suggest a deeper setback towards 1.3072 (September 17, 2015 low) near the channel lower bounds.
Outlook:
Intraday: neutral
Daily: bullish
Weekly: bullish

Dita T P
a year ago
there is geavestine in bottim.naybe it confirms revers to bullish i think
Reply
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