14 Nov 2014
USD/CAD Bull Bias through 1.1403 for 1.1450/68 and Above – MarketChartist
FXStreet (Barcelona) - Steve Miley at Market Chartist views the USD/CAD bull trend re-energizing.
Key Quotes
“We see bias for a bounce to the setback range late this week, for 1.1403 and maybe 1.1450”.
“The push close to 1.1403 leaves risk through here today and through mid-month we see upside risk above here and the recent cycle peak at 1.1468 to a Fibo extension level at 1.1495/ psychological 1.1500.”
“November overshoot threat is to 1.1655, the 61.8% retrace of the entire 2009-2011 bear market.”
Key Quotes
“We see bias for a bounce to the setback range late this week, for 1.1403 and maybe 1.1450”.
“The push close to 1.1403 leaves risk through here today and through mid-month we see upside risk above here and the recent cycle peak at 1.1468 to a Fibo extension level at 1.1495/ psychological 1.1500.”
“November overshoot threat is to 1.1655, the 61.8% retrace of the entire 2009-2011 bear market.”