FX.co ★ Technical analysis of USD/CAD for November 27, 2015

General overview for 27/11/2015 09:20 CET:

After the Thanksgiving day in the US, the financial markets are open again. This is why the situation did not change much since yesterday. The golden trend line is still providing a dynamic resistance as the market is struggling for breaking above it. The key level of 1.3333 has not been broken yet as well, but there is still one more wave to the upside missed to complete the main count.

Support/Resistance:

1.3278 - WS1

1.3323 - Weekly Pivot

1.3343 - Intraday Resistance

1.3403 - WR1

1.3433 - Technical Resistance

Trading recommendations:

Day traders should consider reopening buy orders from the level of 1.3345 with tight SL and TP at the level of 1.3380.