FX.co ★ USD/CAD Survey according to the Point and Figure Charting for March 30, 2012

Having reached the resistance level 1.001, the USD/CAD pair resumed the descending movement.

The main target for seller is seen at the support level 0.992. In case it has been overcome, the signal for Sell-deals will be provided and the way to the point 0.988 will be opened.

The point 1.001 is considered as strong resistance level. If this level is broken through, the tendency will change to upside providing a signal for Buy-deals.

Today it is recommended to enter the market when the main resistance and support levels have been overcome.