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Daily Forex Analysis – March 12, 2013

Forex Analysis

This post by ForexCycle.com has been reprinted from Forex Market Analysis.

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USDCAD Analysis. USDCAD stays in a trading range between 1.0216 and 1.0341. Support is at 1.0216, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 0.9932, another rise to 1.0400 area could be expected after consolidation. On the downside, a breakdown below 1.0216 [...]

ForexCycle.com @ March 12, 2013

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