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15th Feb - USD/CAD Pushing Against Next Resistance

15 February 2014

WEEKLY CHART:

Resistance from the channel top

projection and the 1.1235 50%

retracement level has come under

attack, but is holding for now.

DAILY CHART:

After the recent break through the

channel top projection upward

momentum is being maintained.

Interest is as much in the longer

term charts at present.

First support comes from this old

channel top, at 1.0885 currently,

ahead of the 1.0600 area.

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Next story:
21st Feb - Carbon Emissions Breach Long Term 23.6% Resistance

Previous story:
13th Feb - Coffee Recovers off Long Term 76.4% Support

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