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Thursday 21 August 2014

USD/CAD Daily Technical Analysis 21 AUG 14

USD/CAD:


The bullish traders get support from 1.0879 level and send the pair nearly 100pips rally on first three days of trading.

Todays open was just above the 1.0961 weekly R1 level, if this level breaks we can expect some consolidation.   As per trader sentiment USD still bullish but want to sustain above 1.0961 level and then there is no obstacles upto 1.1000 to 1.1015.

S3
S2
S1
R1
R2
R3
1.0872
1.0909
1.0961
1.1015
1.1126
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