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Kamis, 19 Februari 2015

USD/CAD Short Term Outlook 20 Feb 2015

Posted by Unknown on 22.47 in | Comments : 0

  • USD/CAD once again taken support around 1.2360 and reached till 1.24880. Short-term trend reversal level-1.2380.
  • On the upside major resistance is around 1.2490 and break above will extend gains to 1.2540/1.2600.
  • On the downside break below 1.2450 will target 1.2430/1.2380.
  • It is good to buy at dips around 1.2460 for the target of 1.2540/1.2590.
Indicators (1 Hours chart)
CCI (50) - Buy | CCI (14) - Buy | Ichimoku- Buy
Recommendation: Buy USD/CAD around 1.2460, SL 1.2420, Targets 1.2540/1.2590. 

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