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USDCAD remains in uptrend from 1.0137

Discussion in 'Technical Analysis' started by ForexCycle.com, Jun 27, 2013.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    USDCAD remains in uptrend from 1.0137, the fall from 1.0556 is likely consolidation of the uptrend. Another rise towards 1.0600 is still possible after consolidation, and a break above 1.0556 resistance could signal resumption of the uptrend. Key support is now at 1.0424, only break below this level could indicate that the upward movement from 1.0137 is complete, then the following downward movement could bring price back to 1.0200 zone.


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