USD/CAD - USD/CAD Intraday: under pressure - 10/07/2014 (GMT)
- 680
- 0
- Chart + Price target(s)
- Target : Lower
- |
- Target 1 : 1,1095
- |
- Target 2 : 1,105
- |
- Invalidation threshold : 1,1195
- Timeframe : 30 min.
USD/CAD Chart
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Our preference: Short positions below 1.1195 with targets @ 1.1095 & 1.105 in extension.
Alternative scenario: Above 1.1195 look for further upside with 1.124 & 1.127 as targets.
Comment: The upward potential is likely to be limited by the resistance at 1.1195. In addition, the descending 50-period moving average maintains a bearish bias.
Alternative scenario: Above 1.1195 look for further upside with 1.124 & 1.127 as targets.
Comment: The upward potential is likely to be limited by the resistance at 1.1195. In addition, the descending 50-period moving average maintains a bearish bias.
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