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USDCAD's upward movement extended to 1.1224

Discussion in 'Technical Analysis' started by ForexCycle.com, Feb 2, 2014.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    USDCAD's upward movement from 1.0588 extended to as high as 1.1224. Initial support is at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.1350 area. Key support is at 1.1031, only break below this level will indicate that the uptrend from 1.0588 had completed at 1.1224 already, then the pair will find support around 1.1000 area.


    Provided by ForexCycle.com

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