On Tuesday, the currency pair USD/CAD traded with a positive character, bulls slowly gaining momentum, restoring the upward movement. On the daily chart we can see an upward trend, with the previously formed a bearish correction that appeared after the price reached the four-year high (1.1223). Now we are seeing the market recovery process, the bulls returned after a short stay in the trades, increasing their positions. Development of the plot for the next trading days may be so- it's possible we will see the potential on the side of the bulls, which will show us the insatiable interest with the gradual formation of pulses up to the level of 1.1223. Today the economic calendar traders should expect a number of important economic news from the U.S. to give a speech, Fed Chairman Janet Yellen.
Key levels
Resistance Zone : 1.1120, 1.1223, 1.1300
Support Zone : 1.0980, 1.0900, 1.0810
Signals-
Buying a pair of recommended at a price above 1.1100 with the prospect of running to around 1.1223.
Sales for the pair recommends clear after fixation under level 1.0980 with the prospect of running to around 0.0900.
Key levels
Resistance Zone : 1.1120, 1.1223, 1.1300
Support Zone : 1.0980, 1.0900, 1.0810
Signals-
Buying a pair of recommended at a price above 1.1100 with the prospect of running to around 1.1223.
Sales for the pair recommends clear after fixation under level 1.0980 with the prospect of running to around 0.0900.
