USD/CAD: Daily Technical Analysis For March 5, 2015

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Fundamental Indicator:

CAD BOC Rate Statement = Hawkish (Improved)


List of Technical Indicators:

Daily bias is bearish.

Moving Averages 21 and 55 = Sell

Parabolic S.A.R = Sell

A.D.X= Sell

R.S.I = Sell

MACD = Sell

SSRC(customized stochastic) = Sell

Daily Central Pivot Point Bias = Bearish

Daily Candle Stick formation = Bearish



Technical Analysis:

Am expecting more decline to 1.2370/1.2360

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