USD/CAD - Upward Momentum is Growing
USD/CAD is now increasing. Hourly support is given at 1.2862 (29/07/2015 low). Stronger support can be found at 1.2363 (30/06/2015 low). Resistance lies at 1.3354 (25/08/2015 high). We remain bullish on the pair.
In the longer term, the break of the key resistance at 1.3065 (13/03/2009 high) has indicated increasing buying pressures, which favours further medium-term strengthening. Support can be found at 1.1731 (06/01/2015 low).