InstaForex - Analytics

    InstaForex

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    Technical analysis of USD/CAD for November 16, 2015

    General overview for 16/11/2015 08:10 CET

    In an alternative count, the five wave impulsive upward structure looks completed, but there is still a chance for one more push higher to complete the wave c green. Only a sustained breakout below the level of 1.3222 would change the short-term outlook.

    Support/Resistance:

    1.3375 - WR1

    1.3348 - Intraday Resistance

    1.3298 - Weekly Pivot

    1.3266 - Intraday Support

    1.3250 - WS1

    Trading recommendations:

    Day traders should refrain from trading until better trading setup occurs.

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