21 Nov 2013
EUR/CAD reclaiming territory
FXstreet.com (London) - EUR/CAD has enjoyed a lift through the 1.4225 support/resistance area and, in fact, the pair has snatched back the large losses earlier in the week.
A research team at TD Securities said that Yesterday’s session was a bearish outside range, which should limit EUR gains to the low/mid 1.41 area for the moment. “New short term highs (above yesterday’s 1.4197) would signal a little more lift”.
EUR/CAD Levels
The 20 DMA is 1.4160, the 50 DMA is 1.4050 and the 200 DMA is 1.3630. RSI (14) reads 69.05. Supports are ascending from 1.3840, 1.3885, 1.3935, 1.3980, 1.4050,1.4200 and 1.4230. Spot is currently 1.4251 and resistances are 1.4285 and 1.4350.
A research team at TD Securities said that Yesterday’s session was a bearish outside range, which should limit EUR gains to the low/mid 1.41 area for the moment. “New short term highs (above yesterday’s 1.4197) would signal a little more lift”.
EUR/CAD Levels
The 20 DMA is 1.4160, the 50 DMA is 1.4050 and the 200 DMA is 1.3630. RSI (14) reads 69.05. Supports are ascending from 1.3840, 1.3885, 1.3935, 1.3980, 1.4050,1.4200 and 1.4230. Spot is currently 1.4251 and resistances are 1.4285 and 1.4350.