Back
14 May 2015
USD/CAD aiming for 1.1763? – FXMarketAlerts
FXStreet (Barcelona) - The FXMarketAlerts Team gives the technical outlook and key levels for USD/CAD, noting that another daily close below 1.2000 will increases chances for a move towards 1.1763.
Key Quotes
“USD/CAD still has a fairly tight range on the day working so far, so the mkt may be a bit hesitant about stretching too far at the moment. All that we can do is wait to see if the mkt will be able to confirm Wed's closing break below 1.2000 with another close below today. Only then can we be more bearish again to 200-day MA at 1.1763.”
“R3: 1.2204 * 01 May high
R2: 1.2107 12 May high
R1: 1.2 * figure
S1: 1.1942 * 29 Apr low
S2: 1.1926 13 May low
S3: 1.1919 intraday low”
Key Quotes
“USD/CAD still has a fairly tight range on the day working so far, so the mkt may be a bit hesitant about stretching too far at the moment. All that we can do is wait to see if the mkt will be able to confirm Wed's closing break below 1.2000 with another close below today. Only then can we be more bearish again to 200-day MA at 1.1763.”
“R3: 1.2204 * 01 May high
R2: 1.2107 12 May high
R1: 1.2 * figure
S1: 1.1942 * 29 Apr low
S2: 1.1926 13 May low
S3: 1.1919 intraday low”