Short term trend: Bullish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 1.1158
Kijun-Sen level: 1.1144
Ichimoku cloud top: 1.1112
Ichimoku cloud bottom: 1.1094
- USD/CAD rally continues today and intraday bias remains on the upside. It is expected to reach 1.1186(100% projection of 1.0986 to 1.1122 from1.105)/1.1278 (Mar 2014 high) in the short term.
- Minor support is around 1.1092 (Sep 26th low). Break of 1.1092 will target 1.108.
- Trend reversal can be seen only below 1.098.
Recommendation: Buy USDCAD around 1.110, SL 1.1092, Target 1.1133/1.1168.
Published: 2014-09-29 15:21:00 UTC+00
Usd/cad Daily Outlook
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