
USD/CAD Technical Analysis At Year-End: ranging within Pivot resistance levels
6 October 2015, 12:11

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USD/CAD is on long-term bullish market condition: the price is located to be too far above Ichimoku cloud for trying to break 1.3456 key resistance level for the bullish trend to be continuing. The key resistance levels for the pair on the way to continuing with the bullish trend are the folloiwng:
- R3 Pivot at 1.3352, and
- 1.3456 key resistance level.
The key support levels for the pair for the secondary correction to be started are the folloiwng:
- 1.2951 key support level, and
- R2 Pivot at 1.2568.
The most realistic scenario for this pair at year-end is the following: the pair will be ranging within 1.3456 key resistance level and R2 Pivot at 1.2568.