Thursday, February 5, 2009

USD/CAD Technical outlook5/2/2009

Continue USD / CAD 1.2410 level steadily declining, which failed yesterday to break than to keep our expectations of the husband on the land systems 1.2200 towards the moment of time. Necessary attention to the fact that breaking the 1.2260 support level, closing down for an hour without a husband may give an acceleration of the decline to target levels of 1.2120 and 1.2056. We expect the husband to rise instantly to 1.2375 and then decline to the levels indicated at 1.2260 for a break and then move towards 1.2120 and then 1.2065.
Levels of trading today may be the level of support between 1.2120 and 1.2600 resistances.
Disclaimer: All data provided in this document are obtained from resources that we believe are reliable. And they are provided to inform traders about markets and help them make better decisions. Therefore, FXCBS Fienex Group LLC does not hold any responsibility for mistakes that could occur in these data, or any financial impact of using these data in trading.
Copyright©Fienex Group LLC2009

No comments:

Post a Comment