empty
 
 
11.06.2015 07:19 AM
Technical analysis of USD/CAD for June 11, 2015

General overview for 11/06/2015 07:10 CET

The corrective rebound has broken marginally higher than yesterday's intraday resistance level. Currently, it looks to be out of a trend again. The price is still trading inside of the black dashed channel and the current key level to the upside is intraday resistance at 1.2306. Any breakout higher might result in a test at level of 1.2350.

Support/Resistance:

1.2350 - Intraday Resistance

1.2342 - WS1

1.2306 - Intraday Resistance

1.2256 - WS2

1.2201 - Intraday Support

Trading recommendations:

Daytraders might consider to open sell orders from the level of 1.2306 with SL above the level of 1.2320 and TP at the level of 1.2201.

This image is no longer relevant

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback