Back

USD/CAD Technical Analysis: USD/CAD bulls getting ready to resume the bull trend

  • USD/CAD bulls are taking the lead as the week is coming to an end. Bulls are currently trying to breach the key 1.3120-1.3155 resistance zone. If bulls are successful the 1.3200 figure and 1.3271 June 29 high can become the next targets in the coming sessions.
  • Support are seen near 1.3100-1.3120 area and 1.3053-1.3066 area. 
  • USD/CAD has been in consolidation mode since mid-June and a breakout above 1.3155 would likely see USD/CAD bull trend resuming.  

USD/CAD 15-minute chart

USD/CAD daily chart

Spot rate:                   1.3148
Relative change:        0.75% 
High:                          1.3152
Low:                           1.3040

Trend:                        Bullish 

Resistance 1:            1.3155 June 18 low
Resistance 2:            1.3200 figure  
Resistance 3:            1.3271 June 29 high 
Resistance 4:            1.3350 figure
Resistance 5:            1.3388, 2018 high
Resistance 6:            1.3543 June 9, 2017 swing high

Support 1:                 1.3100-1.3120 figure and supply/demand level
Support 2:                 1.3053-1.3066 area, June 5 swing high and July 9 low
Support 3:                 1.3022 July 25 low
Support 4:                 1.3000 figure
Support 5:                 1.2974 August 1 swing low
Support 6:                 1.2900 figure
Support 7:                 1.2855 June 6 low

WTI edges down to mid-$67s after US drillers add 10 oil rigs this week

Crude oil prices came under a modest selling pressure in the US afternoon after the weekly report released by Baker Hughes showed that drillers in the
Mehr darüber lesen Previous

United States Monthly Budget Statement in line with forecasts ($-77B) in July

United States Monthly Budget Statement in line with forecasts ($-77B) in July
Mehr darüber lesen Next