Daily Forex Analysis ? April 28, 2011

USDCAD Analysis. USDCAD formed a sideways consolidation in a range between 0.9453 and 0.9575. As long as 0.9453 support holds, lengthier consolidation in the range is expected, and another rise to 0.9650 to reach next cycle top on 4-hour chart is still possible. On the other side, the fall from 0.9575 could possibly be resumption [...]

Source: http://blog.forexcycle.com/6276/daily-forex-analysis-april-28-2011/

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