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Apr 12

TECHNICAL ANALYSIS BY NSFX 12.04.2015

By:

High:  Low: 

The pair found support on the multiple bottom 1.2360 and then closed just above its 21SMA.  The rate is very close to  both the short term supply line and the higher side of the channel. A breakout above 1.2825 can lift UsdCad to 1.3.  Below 1.2360 the rate can slide to 1.2 and then test its 200SMA, now at 1.174.

R3
R2
R1
S1
S2
S3