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Feb 08

TECHNICAL ANALYSIS BY NSFX 08.02.2015

By:

High:  Low: 

The pair made a double top in area 1.2795 and then found support in area 1.2360.  Those 2 price levels might be the bands of a trading range environment. Below 1.2360 UsdCad might test 1.2. A breakout above 1.2795 can lift the rate to 1.3. Volatility still high, above its 12 month average and the RSI left its overbought level.

R3
R2
R1
S1
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S3