Technical Analysis on USD/CAD for November 14, 2014
November 14, 2014 8:05 am
The pair gave a stellar return in yesterday’s session. Today, as well the pair opened on a bullish note lower at the 1.1368 level. In case if the pair closes above 1.1386 on a weekly basis, it can challenge 260 odd pips on the higher side. As we recommended earlier, the pair will challenge 1.1530 in the near term, 1.1644 and 1.1685 in the medium term and 1.1900, 1.2350 in the long-term perspective. The pair has resistance at 1.1425 on a daily closing basis. The pair took support from 20Dsma and started moving higher. The pair will regain real strength above 1.1402 levels. Fresh traders can buy above 1.1405 with the targets at 1.1449 and 1.1465 levels. We recommended buying at 1.1355 on Wednesday. The prices are trading and closed above 12ema and 35DEMA. The support levels exists at 1.1350 levels.
The material has been provided by InstaForex Company – www.instaforex.com
The pair gave a stellar return in yesterday’s session. Today, as well the pair opened on a bullish note lower at the 1.1368 level. In case if the pair closes above 1.1386 on a weekly basis, it can challenge 260 odd pips on the higher side. As we recommended earlier, the pair will challenge 1.1530 in the near term, 1.1644 and 1.1685 in the medium term and 1.1900, 1.2350 in the long-term perspective. The pair has resistance at 1.1425 on a daily closing basis. The pair took support from 20Dsma and started moving higher. The pair will regain real strength above 1.1402 levels. Fresh traders can buy above 1.1405 with the targets at 1.1449 and 1.1465 levels. We recommended buying at 1.1355 on Wednesday. The prices are trading and closed above 12ema and 35DEMA. The support levels exists at 1.1350 levels.
The material has been provided by InstaForex Company – www.instaforex.com
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