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USDCAD rebounded to 1.0093

Discussion in 'Technical Analysis' started by ForexCycle.com, Nov 9, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    Being contained by 0.9979 support, USDCAD rebounded to as high as 1.0093 level, suggesting that a cycle bottom is being formed on 4-hour chart. Range trading between 0.9979 and 1.0150 would more likely be seen in a couple of days. Key support is at 0.9979, only break below this level could trigger another fall towards 0.9500 zone.

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