USDCAD TECHNICAL ANALYSIS

 USDCAD TECHNICAL ANALYSIS

 Published on
12/29/13 5:33 AM
Pacific Daylight Time
"CAD pair has long shuffles
Since 2009 until now traded in a narrow strip since determined the Depression in 2007 at0.89
In 2002, a record 1.62 in
Now faces a resistance band in the 1.08 to 1.09
If break this level then heading to the 1.14, when the target is set in 1.27"

  04.01.2015
As I wrote earlier this year, is expected an interesting year in the CAD
We are approaching the 1.1930 level ,Nearest support level lies in 1.1560 
If we will look the charts we can see that the pattern lead to 1.1870 area_+
next levels stay in 1.22 area and after 1.25 area 
Notice the interesting scenario can be generated template pair (last graph)

update for 22,1,2015
we got the moves .......BOC cuts rates by 25 bps to 0.75% USDCAD responds with huge move and make almost 400 points next move after 1,22 stay in 1,25-1,27 

This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice