FXMarketAlerts Team
FXMarketAlerts
Published at 13:00 (GMT) 25 Jul
13::00 GMT - USD/CAD retains the modest rally action on the day so far,but does look stalled for the moment. What we see now on the hourly chart is some chopfest action between 1.0770 and 1.0741. Once the mkt is able to navigate its way through that pattern,we still expect to see another upside break to the 1.0800/28 zone. If not into the weekend, then early next week. R.Z
R5: 1.0828 ** 200-day MA
R4: 1.081 * 08 May low
R3: 1.0805 19 Jun low
R2: 1.08 figure
R1: 1.0769 intraday high
S1: 1.0741 ** 50-week MA
S2: 1.0694 * break level
S3: 1.0675 * break level
S4: 1.0616 * 03 Jul low
S5: 1.061 ** Jul '13 high
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