Technical analysis of USD/CAD for September 28, 2015 Market Analysis Review

General overview for 28/09/2015 10:00 CET

There is one more wave to the downside to be completed before the market makes another test of the recent local high at the level of 1.3415. Please notice that the market is still trading inside the neutral zone and only a clear breakout can gives us more clues about further market direction.

Support/Resistnace:

1.3451 - WR1

1.3415 - Intraday Resistnace

1.3352 - Intraday Resistnace

1.3312 - Weekly Pivot

1.3289 - Intraday Support

1.3232 - Intraday Support

1.3208 - WS1

Trading recommendations:

Daytraders should refrain from trading and wait for more clear pattern to occur.

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