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USD CAD Support & Resistance lines USD CAD Support & Resistance lines
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USDCAD Discuss market action in the US Dollar versus the Canadian Dollar.

 
 
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Old 07-01-2009, 09:36 AM
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Join Date: Jun 2009
Posts: 113
Default USD CAD Support & Resistance lines
The way my chart looks on daily chart, the price is currently between long term support and resistance lines.
If it breaks the resistance at 1.1653 and closes above that today, I believe it will be going up.
If it can't break the upward resistance and closes below the support line, it will be hitting the long term support line started on 11/06/2007.

Any thoughts ??
Attached 2 charts. Both are same but one is with a closer look.
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