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Forecast of movement of the pair USD/CAD (timeframe Daily)
As of February 10, 2014 22:00 GMT couple is at 1.10295 at the resistance line uplink. Identified the figure rising channel, the figure is in the process of formation of correctional trend.
The most likely scenario: To complete the correction, the pair should decline to the level of 1.0415 with a strong trend to the level of 0.9932, the pair will turn around and go up continuing to its upward trend and target the level of 1.8868.
Chart…
As of February 10, 2014 22:00 GMT couple is at 1.10295 at the resistance line uplink. Identified the figure rising channel, the figure is in the process of formation of correctional trend.
The most likely scenario: To complete the correction, the pair should decline to the level of 1.0415 with a strong trend to the level of 0.9932, the pair will turn around and go up continuing to its upward trend and target the level of 1.8868.
Chart…