April 29, 2011 the Canadian dollar trend analysis
Dragged down the Canadian dollar exchange rate factors are: the United States continue to implement ultra-loose monetary policy, investor risk appetite, commodity and oil prices firm. But the position adjustment ahead of the weekend will be limited to U.S. dollar / Canadian dollar's decline. Published data concern GMT Canada in February 1230 GDP data. USD / CAD chart is still bearish motohi, MACD and stochastic indicators are bearish. Resistance at 0.9520 Canadian dollars (yesterday's high), breaking the terms of 0.9575 Canadian dollars after (Wednesday's high point), then turn to see 0.9666 Canadian dollars (April 19 high), 0.9707 Canadian dollar (55-day moving average) and 0.9721 Canadian dollars (April 18 high). See support at 0.9462 Canadian dollars (yesterday's low), then look at 0.9451 Canadian dollars (April 21 low of three and a half hit), will have to see below the psychological bit integer, and 0.9300 Canadian dollar 0.9400 Canadian dollars.