• 701 days Will The ECB Continue To Hike Rates?
  • 702 days Forbes: Aramco Remains Largest Company In The Middle East
  • 703 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,103 days Could Crypto Overtake Traditional Investment?
  • 1,108 days Americans Still Quitting Jobs At Record Pace
  • 1,110 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,113 days Is The Dollar Too Strong?
  • 1,113 days Big Tech Disappoints Investors on Earnings Calls
  • 1,114 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,116 days China Is Quietly Trying To Distance Itself From Russia
  • 1,116 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,120 days Crypto Investors Won Big In 2021
  • 1,120 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,121 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,123 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,124 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,127 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,128 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,128 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,130 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

USD/CAD: Bearish Breakout at 1.0084

USD/CAD has broken the support area between 1.0102 and 1.0084. A test of the key support at 1.000 (see also the 200 day moving average and the low of the rising channel) is likely. Hourly resistances can be found at 1.0124 (30/04/2013 high) and 1.0176 (intraday high).

In the longer-term, we favour a bullish bias as long as the support at 1.0000 (14/02/2013 low, see also the rising trendline from 0.9633 (14/09/2012 low) in a daily chart) holds.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment