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USD/CAD Canadian Dollar

By:   Arnaud Jeulin
  • 2009-05-01
0
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Short term (Intraday)

1,2109. USD CAD is in a range between 1,2080 and 1,2280. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Oscillators are neutral. The price should continue to move in 1,2080 / 1,2280 range. If the support is broken then the target will be 1,1850 (259 pips).
We are waiting for a break of the support to take a short position.

Resistances
1,2160 - 1,2280

Supports

1,2080 - 1,1950

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Disclaimer:

Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

 
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