FOREX Trading: USD/CAD Technical Analysis on 8th April 2014

USD/CAD Today

Weekly data:

At the senior schedule generally observed only upward movement. In the data the pair is testing the support area 1.1, the successful overcoming of which would open the way to a mark of 1.06. The main purpose for the vendors can deliver 0.98 zone.

Daily data:

Junior secondary testing schedule observed 1,095 support zone. Given the strong removing steam from the main line of the uptrend can be expected to continue downward movement. Initial short-term goal for the sellers deliver 1.07 zone. Protective pause point for short positions will swing high of 1.13.

FOREX Signal For Today: USD/CAD Bullish

At the senior schedule still there is an upward trend. The main purpose for the buyers still stands 1.18 resistance zone. Currently there is renewed upward movement of the support area 1.10. It is advisable to look for buy signals.

FOREX Signals Today

Daily data suggest that USD/CAD is in upward movement. You can see that the initial purpose for buyers perform resistance zone 1.14, the overcoming of which would open the way to a mark of 1.18. Protective pause point will at least 1,094 vibrations. Today, it is recommended to buy.