FXMarketAlerts Team
FXMarketAlerts
Published at 13:35 (GMT) 23 Jan
13::35 GMT - USD/CAD reached the next upper target at 1.2445 and at themoment is backing down on the fresh CAD data. Not too much of a technical break at this time because no key support has been taken out yet. Mkt would need to fall below 1.2325 todo a little bit of damage. If mkt does not break any key support, the bulls will get active again toward 1.2500. R.Z
R5: 1.3064 * Mar '09 high
R4: 1.2716 * Apr '09 high
R3: 1.25 * figure
R2: 1.2457 intraday high
R1: 1.2445 * projection
S1: 1.2325 ** 200-month MA
S2: 1.22 figure
S3: 1.2114 * break level
S4: 1.206 21 Jan low
S5: 1.2 * figure
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