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Forecast of USD/CAD for September 19, 2014

USDCADH4.png


The pair has been trading in a corrective mood with holding the uptrend. The pair made a double top at 1.11 making some base around 1.0930-1.0927 levels. It means, the seller will be benefited only below 1.0925 only. The pair has strong supports below 1.0925 at 1.0914 and 1.0838 in the near and short term basis. We will see fresh buying will add above 1.11 towards 1.1135, 1.1150 and 1.12 levels.


The material has been provided by InstaForex Company - www.instaforex.com