FX.co ★ Technical analysis of USD/CAD for November 11, 2015

General overview for 11/11/2015 10:10 CET

The market is still trading in a very tight range, just above the weekly pivot level. An outlook is still bullish as there is one more wave to the upside missed. The invalidation line for an alternative impulsive count is seen at the level of 1.3190.

Support/Resistance:

1.3316 - Intraday Resistance

1.3239 - Weekly Pivot

1.3190 - Intraday Support

1.3162 - WS1

Trading recommendations:

Day traders should consider placing buy orders at current levels with SL below the level of 1.3239 and TP at the level of 1.3316.