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FX.co ★ USD/CAD Rebound,Upward Movement , Janaury 18, 2011 (Daily Strategy)

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Forex Analysis:::2011-01-18T13:47:38

USD/CAD Rebound,Upward Movement , Janaury 18, 2011 (Daily Strategy)

USD/CAD Rebound,Upward Movement , Janaury 18, 2011 (Daily Strategy)

USD/CAD

The recent decrease wave encountered four trade days ago the strong support level of 0.9850 and since then the pair is having difficulty in breaking the level and continuing its journey south.

It is recommended to make sure that on the daily closing the pair's price will be closed above the support level of 0.9850 to be on the safe side. Closing below this level will cancel the opportunity of buying immediately.

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