InstaForex - Analytics

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    Technical analysis of USD/CAD for September 30, 2015

    General overview for 30/09/2015 09:35 CET

    The pair reached another marginal high, so it looks like the wave ii blue might have been completed earlier. The count has been changed to incorporate the recent changes and now it is more bullish. However, this current labeling might be a part of an ending diagonal wave 5 purple. Nevertheless, the market should develop an internal wave iv blue before calling for moor room higher above the level of 1.3456.

    Support/Resistnace:

    1.3451 - WR1

    1.3456 - Intraday Resistnace

    1.3371 - Intraday Support

    1.3312 - Weekly Pivot

    1.3208 - WS1

    Trading recommendations:

    Daytraders should refrain from trading and wait for more clear pattern to occur. More agressive investors might try to buy on dips inside of the triangle area.

    usdcad_h1.jpg

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