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FX.co ★ USD/CAD Noughs and Crosses analysis for January 12, 2012

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Forex Analysis:::2012-01-12T07:16:07

USD/CAD Noughs and Crosses analysis for January 12, 2012

The USD/CAD is expecting the downside movement to be resumed.

After breaking the 1.019 level the pair gave a buy signal. The signal can be considered false as it was given during downside trend.

At the moment the main target for the bu
At the moment the main target for the buyers is the resistance level 1.025. After it is reached the downside movement is expected to start.

Break of the support level 1.014 will provide a strong sell signal and open a way to 1.008.

Since the main trend is downside, it is recommended to sell the pair.

USD/CAD Noughs and Crosses analysis for January 12, 2012

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