2013.09.25 New York Close – End of US Session
USDCAD Currency Pair Levels & Trend Strength Data
The US dollar continued its rebound against the Canadian dollar today following last week’s plunge lower post-Fed meeting. The USDCAD pair trades above the 1.0300 level and has ascended the 50% Fibonacci retracement level (of last 100 days range). The short-term trend is setting up for an imminent to change to bullish as well as the MACD shaping up for a potential crossover. We are looking for support at the major 1.3000 level with possible targets and resistance at the 1.0350 level and then the 38.2% Fibonacci retracement level below 1.4000.
Current Market Price: 1.03124
Today’s Pivot Point Levels:
Daily Pivot Point: 1.02920
Weekly Pivot Point: 1.02716
Monthly Pivot Point: 1.04540
Linear Regression Indicator Trend Strength Data:
10-day current trend is BEARISH / Trend strength of -38.9 pips
30-day current trend is BEARISH / Trend strength of -165.6 pips
60-day current trend is BEARISH / Trend strength of -68.3 pips
90-day current trend is BULLISH / Trend strength of 54.2 pips
180-day current trend is BULLISH / Trend strength of 405.5 pips
365-day current trend is BULLISH / Trend strength of 405.7 pips
By CountingPips.com – Currency Trading Blog
