Technical analysis of USD/CAD for December 23, 2015 Market Analysis Review

General overview for 23/12/2015 09:30 CET

The slow and quiet trading before Christmas continues as the market is still inside the daily range. Further development in the corrective wave 4 black is anticipated with a potential target at the level of 1.3677.

Support/Resistance:

1.4100 - WR1

1.4000 - Intraday Resistance

1.3888 - Weekly Pivot

1.3847 - Intraday Support

1.3776 - WS1

Trading recommendations:

Day traders should consider placing sell orders from the current market levels with SL above the level of 1.4000 and TP at the level of 1.3847.

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

For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of USD/CAD for December 23, 2015 . Thanks for your support.