Friday, December 12, 2014

USD/CAD Candlesticks and Ichimoku Analysis

The greenback has risen again after brief retreat to 1.1397, suggesting recent upmove is still in progress and further gain to 1.1595-00 (61.8% projection of 1.0811-1.1467 measuring from 1.1191) would be seen, however, anticipated overbought condition should prevent sharp move beyond 1.1655-60 (1.618 times projection of 0.9407-1.0657 measuring from 0.9633)



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