/
Aug
12
TECHNICAL ANALYSIS BY NSFX 12.08.2013
By:
High: Low:
There is a head and shoulder pattern on the US dollar against the loonie. The neckline is quite close to current market price. From an inter-market point of view if risk appetite comes back then the pattern has an high probability of success. If volatility and risk reversal trades will occur then USDCAD spike up to test the year high at 1.0609.
R3 | |
R2 | |
R1 |
S1 | |
S2 | |
S3 |