• 761 days Will The ECB Continue To Hike Rates?
  • 762 days Forbes: Aramco Remains Largest Company In The Middle East
  • 763 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,163 days Could Crypto Overtake Traditional Investment?
  • 1,168 days Americans Still Quitting Jobs At Record Pace
  • 1,170 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,173 days Is The Dollar Too Strong?
  • 1,173 days Big Tech Disappoints Investors on Earnings Calls
  • 1,174 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,176 days China Is Quietly Trying To Distance Itself From Russia
  • 1,176 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,180 days Crypto Investors Won Big In 2021
  • 1,180 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,181 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,183 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,184 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,187 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,188 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,188 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,190 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

USD/CAD: Short-Term Base Underway?

USD/CAD is trying to stabilise itself. However, the current short-term technical pattern (symmetrical triangle) still favours a bearish bias. A break of the initial resistance at 1.1078 (28/03/2014 high) is needed to improve the short-term technical structure. Another resistance stands at 1.1107 (27/03/2014 high, see also the 38.2% retracement). Supports can be found at 1.1001 (28/03/2014 low) and 1.0956.

In the longer term, the decisive break of the major resistance at 1.0870 validates a multi-year basing formation whose minimum upside potential is around 1.1910. The key resistance given by the 50% retracement (around 1.1236) of the decline from the September 2009 peak at 1.3065 remains thus far intact. A key support stands at 1.0911 (19/02/2014 low).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment