Forex | Forex | Forex Trading Analysis for USD/CAD (21/08/2009 07:49:11)

Forex Trading Analysis for USD/CAD

Forex Technical Analysis Yesterday's price action on the usd to cad was a replay of the previous day in which the candle of the day ended the session as a down bar, albeit with a slightly shorter upper wick and the body sandwiched neatly between the 9 and 14 day moving averages.  The open of the day found significant resistance from the 9 day moving average which it only breached momentarily before falling to close the session and conversely finding some minimal support from the 14 day


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