The primary trend of USD/CAD is bullish

PIVOT POINTS :

The primary trend of USD/CAD is bullish. It is sustaining below the falling trendline & consolidating with a positive bias. Prices are taking support from 30 SMA & can come up to test the 200 SMA . Today if the pair sustains above 1.1330 we can expect it to test the level of 1.1350/1.1370

RSI is also sustaining in buying territory supporting the further bullishness in the market.

STRATEGY :- For Today, USD/CAD is looking strong on chart. We can expect upside movement for few upcoming session. One can go for buy on dip strategy for this pair for intra day to mid term positions.

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.2323	1.2370	1.2405	1.2452	1.2487	1.2534	1.2569
GBP/USD	1.5554	1.5664	1.5722	1.5832	1.5890	1.6000	1.6058
USD/JPY	113.76	114.32	114.90	115.46	116.04	116.60	117.18
USD/CHF	0.9570	0.9595	0.9630	0.9655	0.9690	0.9715	0.9750
AUD/USD	0.8589	0.8626	0.8672	0.8709	0.8755	0.8792	0.8838
EUR/GBP	0.7731	0.7765	0.7823	0.7857	0.7915	0.7949	0.8007
USD/CAD	1.1193	1.1235	1.1276	1.1318	1.1359	1.1401	1.1442
NZD/USD	0.7704	0.7750	0.7816	0.7862	0.7928	0.7974	0.8040

TODAY’S ECONOMIC EVENTS

Date THU NOV 13th 2014	Time (GMT)	Currency	Economic Data	Forecast	Previous
	00:00:00	AUD	MI Inflation Expectations	4.10%	3.40%
	1:30am	AUD	RBA Assist Gov Kent Speaks
	05:30:00	CNY	Industrial Production y/y	8.0%	8.0%
		CNY	Fixed Asset Investment ytd/y	16.0%	16.1%
	8:15am	CHF	PPI m/m	-0.2%	-0.1%
	1:30pm	CAD	NHPI m/m	0.2%	0.3%
		USD	Unemployment Claims	282K	278K
	3:00pm	USD	JOLTS Job Openings	4.81M	4.84M
	4:00pm	USD	Crude Oil Inventories	0.7M	0.5M
	8:05pm	CAD	Gov Council Member Wilkins Speaks

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