Παρασκευή 19 Φεβρουαρίου 2016

Technical Analysis USD/CAD

Still within a possible double bottom pattern forming on the H4 chart that targets above 1.42000 in future. BUY usdcad on a pullback to 1.37500/1.37400 area with a 40 pip stop looking for 1.38100 (61.8%) initially then 1.40000 (127% extension) followed by a final 1.41250/1.42800 target to the correction. Intraday support comes in at around 1.37400/1.36800. Resistance starts at 1.3770/1.38100 (61.8% resistance).

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