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FX.co ★ USD/CAD Survey according to the Point and Figure Charting for March 8, 2012

USD/CAD Survey according to the Point and Figure Charting for March 8, 2012

Having overcome the resistance level 1.0, the USD/CAD pair provided the weak signal for Sell-deals against the main trend.
At the moment the target for sellers is seen at the support level 0.996. In case it has been overcome, the way to the point 0.992 will open.
The point 1.003 is considered as a strong resistance level. As long as the main tendency remains uprising, today it is recommended to buy the pair after the breakdown of the resistance level 1.003.

USD/CAD Survey according to the Point and Figure Charting for March 8, 2012

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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