22.12.201510:10 Forex Analysis & Reviews: Technical analysis of USD/CAD for December 22, 2015

Long-term review

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General overview for 22/12/2015 09:10 CET

The market did not confirm the top at the level of 1.4000 yet and any breakout below the level of 1.3847 will be a top conformation. Further development in corrective wave 4 black is anticipated with a potential target at the level of 1.3677.

Support/Resistance:

1.4100 - WR1

1.4000 - Intraday Resistance

1.3888 - Weekly Pivot

1.3847 - Intraday Support

1.3776 - WS1

Trading recommendations:

Day traders should consider placing sell orders from current market levels with SL above the level of 1.4000 and TP at the level of 1.3847.

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