USD/CAD Having reversed its intra day losses and close higher above its April 27’2011 high at 0.9572 on Wednesday, further gains currently seen could push the pair towards the 0.9709/20 levels, its April 18/May 05’2011 high. Guest post by www.fxtechstrategy.com A convincing break above there will call for a run at 0.9824 level, its Mar 24’2011 high and possibly higher. Its daily RSI is now bullish and pointing higher supporting this view. Alternatively, the risk to our analysis will be a return below the 0.9511 level, its May 11’2011 high with a loss of that level targeting its 2011 low at 0.9446 followed by the 0.9400 level, its psycho level. Below there if seen will pave the way for more weakness towards the 0.9300 level and then the 0.9200 levels, all representing its psycho levels. The psycho levels as support are necessary because of the absence of resistance levels. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next Forex Daily Outlook – May 13 2011 Anat Dror 12 years USD/CAD Having reversed its intra day losses and close higher above its April 27'2011 high at 0.9572 on Wednesday, further gains currently seen could push the pair towards the 0.9709/20 levels, its April 18/May 05'2011 high. Guest post by www.fxtechstrategy.com A convincing break above there will call for a run at 0.9824 level, its Mar 24'2011 high and possibly higher. Its daily RSI is now bullish and pointing higher supporting this view. Alternatively, the risk to our analysis will be a return below the 0.9511 level, its May 11'2011 high with a loss of that level targeting its 2011 low… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
