USDCAD Daily Analysis of 26 August 2010

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USDCAD Analysis.

July 6th high (1.0676) resistance, there is a minor strengthen in a range from 1.0556 and 1.0666, Support at 1.0556 if the level stays uptrend is expected to stay continue up to future rise 1.0750 if the USDCAD strength is stable. However, If it break below 1.0556 then is can move towards 1.0400



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USDCAD Analysis.
USDCAD failed to break the high of 6th july 1.0676 resistance and formed a cycle at 1.0666. hopefully it will move down towards 1.400. As the support of 1.2400 holds the fall from 1.0666 could be in a strength and give a uptrend from 1.107 up to rise at 1.0750. The deeper decline could be in 1.0200


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