Technical analysis of USD/CAD for November 26, 2015 Market Analysis Review

General overview for 26/11/2015 09:30 CET

The golden trend line is still providing a dynamic resistance as the market is struggling to break above it. The key level of 1.3333 has not been broken yet as well, but there is still one more missing wave to the upside to complete the main count.

Support/Resistance:

1.3278 - WS1

1.3323 - Weekly Pivot

1.3343 - Intraday Resistance

1.3403 - WR1

1.3433 - Technical Resistance

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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