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11.11.2014 2300msk
USDCAD Weekly orange/green levels, and 2 scenarios.
Analysis:
USDCAD did not break important 1.1455 level. The pair now squeezed between 1.1274 & 1.1455 waiting for cycle to finish. Wide rising flat expected up to the end of week # 47 (see first red vertical line) after that we expect the pair will decline down to comfort zone (see blue box). If USDCAD be able to stay above 1.1224, 1.1274 after finishing 2nd cycle renewing of maximum 1.1457 can be possible.
1.1457 level should…
USDCAD Weekly orange/green levels, and 2 scenarios.
Analysis:
USDCAD did not break important 1.1455 level. The pair now squeezed between 1.1274 & 1.1455 waiting for cycle to finish. Wide rising flat expected up to the end of week # 47 (see first red vertical line) after that we expect the pair will decline down to comfort zone (see blue box). If USDCAD be able to stay above 1.1224, 1.1274 after finishing 2nd cycle renewing of maximum 1.1457 can be possible.
1.1457 level should…