USD/CAD Technical Analysis: Long Trade Remains Active

| 4 augusti, 2015 | 0 kommentarer

To receive Ilya’s analysis directly via email, please SIGN UP HERE

Talking Points:

  • USD/CAD Technical Strategy: Long at 1.2649
  • Support: 1.3090, 1.3002, 1.2860
  • Resistance: 1.3232, 1.3347, 1.3463

The US Dollar accelerated upward against its Canadian counterpart, with buyers now aiming above the 1.32 figure. A daily close above the 38.2% Fibonacci expansion at 1.3232 exposes the 50% level at 1.3347. Alternatively, a move below the 23.6% expansion at 1.3090 opens the door for a challenge of the 14.6% expansion at 1.3002.

We bought USDCAD at 1.2649and have since booked profit on half of the position. The rest of the trade will stay open to take advantage of any further gains ahead. The stop-loss has been moved to the breakeven level.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

USD/CAD Technical Analysis: Long Trade Remains Active

— Written by Ilya Spivak, Currency Strategist for DailyFX.com

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

E-postadressen publiceras inte. Obligatoriska fält är märkta *