Monday, February 15, 2010

Hourly Technical Update USD/CAD

The market has rallied with strength from the 1,02/1,025 area, but reversal last session again around 1,0750 ( big resistance area medium/long term).
Short and medium term important reversal again above range [1.0440,1.04].
Today Bullish divergence last lows ( 1,0460) waiting confirmation and reversal again if close hourly above 1.0531 first target 1,0570. Click to zoom in. Good luck.