Technical analysis of USD/CAD for November 25, 2015 Market Analysis Review

General overview for 25/11/2015:

The three-wave down movement looks completed now and any breakout above the level of 1.3334 will be regarded as bullish. There is still one more missing wave to the upside to complete the main count. The market is still trading inside the overall bullish zone.

Support/Resistance:

1.3278 - WS1

1.3323 - Weekly Pivot

1.3343 - Intraday Resistnace

1.3403 - WR1

1.3433 - Technical Resistnace

Trading recommendations:

Daytraders should consider reopening buy orders from the level of 1.3345 with tight SL and TP at the level of 1.3380.

The material has been provided by InstaForex Company - www.instaforex.com

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