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Jul 18

TECHNICAL ANALYSIS BY NSFX 18.07.2013

By:Nati

High:  Low: 

Bullish year to date on the USD against the CAD, a wide trend channel is forming and short term support can possibly be seen at the 50 day SMA, the 200 day SMA and the supporting trendline coincide nicely also. Recent action around the 1.04 figure could indicate interesting support in the short term. The 1.0460 area could be seen as resistance as it acted as a strong support for a week late last month should the R1 area on the pivots get broken.

R3
R2
R1
S1
S2
S3