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Forex Technical Strategy Friday 11 SEPT’15
Highlights:
Commodity Technical Research
USDCAD Consolidates Below Key Resistance Zone.
9/11/2015
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FXTechstrategy USDCAD
Forex Technical Strategy
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USDCAD Consolidates Below Key Resistance Zone. USDCAD: USDCAD remains in a consolidation mode having continued to trade in a range below its key resistance zone at 1.3352. A break either way must occur to trigger directional moves. Resistance resides at the 1.3300 level where a break will target the 1.3350 level. Further out, resistance comes in at the 1.3400 level where a turn lower may occur. But if further recovery is triggered resistance comes in at the 1.3450 level. On the downside, support lies at the 1.3200 level followed by the 1.3150 level. Further down, support resides at the 1.3100 level and then the 1.3050 level. All in all, USDCAD remains biased to the upside with eyes on its key resistance at 1.3352 level.
9/11/2015
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FXTechstrategy
Forex Technical Strategy
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This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to change without notice. The information and opinions contained herein have been compiled or arrived at from sources believed to be reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness and neither the information nor the forecast shall be taken as a representation for which FXTechstrategy.com incurs any responsibility. FXTstrategy.com does not accept any liability whatsoever for any loss arising from any use of this report or its contents. This report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies referred to in this report. Click here for full disclaimer
9/11/2015
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