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22 Apr 2015
USD/CAD medium-term bullish – Littlefish FX
FXStreet (Barcelona) - Analysts at Littlefish FX, share the technical outlook for USD/CAD, maintaining a medium-term bullish outlook on the pair.
Key Quotes
“USDCAD: Short Term (1-3 Days): Neutral - Medium Term (1-3 Weeks) Bullish”
“124.50 is near term resistance while this area caps upside reaction expect a retest of 120 from above, below 120 opens 117.50 and forewarns a more significant top in place.”
“Daily Order Flow indicators; OBV consolidates off highs, Linear Regression pierces midpoint form below, Psychology bearish but attempting midpoint test form below.”
“Monitoring price action and Order Flow indicators to reset long positions targeting 1.30”
Key Quotes
“USDCAD: Short Term (1-3 Days): Neutral - Medium Term (1-3 Weeks) Bullish”
“124.50 is near term resistance while this area caps upside reaction expect a retest of 120 from above, below 120 opens 117.50 and forewarns a more significant top in place.”
“Daily Order Flow indicators; OBV consolidates off highs, Linear Regression pierces midpoint form below, Psychology bearish but attempting midpoint test form below.”
“Monitoring price action and Order Flow indicators to reset long positions targeting 1.30”