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02.10.201507:06 Forex Analysis & Reviews: Technical analysis of USD/CAD for October 2, 2015

Long-term review

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General overview for 02/10/2015 07:00 CET

As anticipated yesterday, the market made another sub-wave down, and the current structure looks completed. The bigger abc green structure looks completed as well, but is still not confirmed and might evolve into more complex and time-consuming pattern. Please notice that any breakout below the level of 1.3010 will invalidate the bullish green count.

Support/Resistnace:

1.3208 - WS1

1.3217 - Intraday Support

1.3271 - Intraday Resistnace

1.3312 - Weekly Pivot

Trading recommendations:

The sell orders from yesterday has hit the TP and currently traders should refrain from opening any more traders.

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