InstaForex - Analytics

    InstaForex

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    Technical analysis of USD/CAD for November 30, 2015

    General overview for 30/11/2015 07:20 CET

    Upward wave development does not look completed yet as there are some internal sub-waves missed. A target is still seen at the level of 1.3433, but the wave progression might extend beyond that level. The first hurdle for bulls will be the golden trend-line dynamic resistance and any breakout above will be first indication that bulls are taking control over market.

    Support/Resistance:

    1.3447 - WR1

    1.3433 - Intraday Resistance

    1.3362 - Weekly Pivot

    1.3338 - Intraday Support

    1.3290 - WS1

    Trading recommendations:

    Day traders should consider playcing buy orders from current market levels with SL below the level of 1.3338 and TP at the level of 1.3433.

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