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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, October 4, 2006 at 02:56 GMT

USDCAD is rising higher to test the key resistance at 1.1294 level, a break above this level may signal the resumption of the up trend. For long term analysis, the pair would move higher towards 1.1457 to reach the next cycle top on week chart, and this cycle top would appear in the next several weeks.

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