InstaForex - Analytics

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    Technical analysis of USD/CAD for November 13, 2015

    General overview for 13/11/2015 08:50 CET

    As anticipated yesterday, the fifth wave to the upside has been made. Nevertheless, there is still a potential for another wave up as the main count has not been completed yet. The key level would be the bottom for the wave b green at the level of 1.3223 as any breakout lower would expand the drop to the level of 1.3161.

    Support/Resistnace:

    1.3339 - Intraday Resistnace

    1.3273 - Intraday Support

    1.3239 - Weekly Pivot

    1.3161 - WS1

    Trading recommendations:

    All buy orders should be closed now and traders should wait for another trading setup to occur.

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