General overview for 30/10/2015 07:20 CET
The intraday resistance at the level of 1.3223 has hold further market rally and it looks like the lower levels of a range will be tested soon. There is still a possibility of another higher high in the wave 5 purple, but the recent developments in lower time frames do not support this view. The current labeling will be invalidated if the level of 1.3276 is violated.
Support/Resistance:
1.3316 - WR1
1.3276 - Local High
1.3223 - Intraday Resistance
1.3109 - Weekly Pivot
1.3089 - Intraday Support
Trading recommendations:
All buy orders should now be closed and day traders should refrain from trading until the next trading setup occurs.
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of USD/CAD for October 30, 2015 . Thanks for your support.
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