• 1,010 days Will The ECB Continue To Hike Rates?
  • 1,010 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,012 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,412 days Could Crypto Overtake Traditional Investment?
  • 1,417 days Americans Still Quitting Jobs At Record Pace
  • 1,419 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,422 days Is The Dollar Too Strong?
  • 1,422 days Big Tech Disappoints Investors on Earnings Calls
  • 1,423 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,425 days China Is Quietly Trying To Distance Itself From Russia
  • 1,425 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,429 days Crypto Investors Won Big In 2021
  • 1,429 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,430 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,432 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,433 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,436 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,437 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,437 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,439 days Are NFTs About To Take Over Gaming?
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

  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