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USDCAD - Free Forex Market Analysis

In FREE Forex Market Analysis section, we'll provide forex market traders mid-term technical analysis of major currency pairs. But first of all, you should go to FAQ page to read the expression of the signs and words that appeared on the forex market analysis charts. You may join our yahoo group if you want to receive the update alert immediately after the analysis had been posted. For daily forex analysis, you can subscribe our Short-Term Forex Market Analysis, now you can get it at no charge.

Wednesday, September 6, 2006 at 03:23 GMT

USDCAD may be bottoming on daily chart, key resistance is at 1.1271, a break above this level may confirm the cycle bottom. Key support is now at 1.1030, a break below this level may signal the resumption of the down trend.

usdcad daily chart

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