Murrey Math Lines 16.03.2015 (USD/CAD)

FXTM Online Analysis Department.

USD CAD, “US Dollar vs Canadian Dollar”

At the H4 chart, Canadian Dollar has broken the 5/8 level and stayed above it. Probably, after finishing a local correction, the pair may continue growing towards the 8/8 level. After reaching it, the market may start a deeper pullback downwards.

The lines at the H4 and H1 charts are completely the same. Bulls are supported by Super Trends. I’m planning to move my stop losses under a local low as soon as the price breaks the maximum.