FX.co ★ USD/CAD Intraday Technical Analysis and Trading Recommendations for March 14, 2012

Linear Regression Channels Survey for the USD/CAD currency pair:

The USD/CAD shows considerable bullish presence today being able to break both violet and a channel to the upside.

Now the pair has an intraday support level located at 0.9910 corresponding to the backside of the violet channel.

This support level provides a good low risk Intraday Bullish opportunity.

Breakthrough 0.9870 invalidates the bullish scenario and targets are to be located at 0.9940 & 0.9980 initially.