Daily Forex Analysis – August 17, 2012
This post by ForexCycle.com has been reprinted from Forex Market Analysis.
Comments OffUSDCAD Analysis. USDCAD’s downward movement from 1.0083 extends to as low as 0.9859. Resistance is now at 0.9930, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.9800 area. On the other side, a break above 0.9930 will suggest that a cycle bottom is being [...]
ForexCycle.com @ August 17, 2012