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Old 28-01-2014, 14:59
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FBS FBS is offline
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Join Date: Jul 2013
Posts: 120
Default Re: Market news and trade recommendations by FBS


USD/CAD is consolidating within its medium-term upward trend. Tenkan-sen and Kijun-sen are horizontal and act as support. USD/CAD is trading around the middle Bollinger band. The pair has made a lower high at 1.1118 and the bulls have lost momentum. They might need a day to gather strength.

Resistance: 1.1118, 1.1175, 1.1230

Support: 1.1050, 1.0100, 1.0950

Chart. H4 USD/CAD

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