• 687 days Will The ECB Continue To Hike Rates?
  • 688 days Forbes: Aramco Remains Largest Company In The Middle East
  • 689 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,089 days Could Crypto Overtake Traditional Investment?
  • 1,094 days Americans Still Quitting Jobs At Record Pace
  • 1,096 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,099 days Is The Dollar Too Strong?
  • 1,099 days Big Tech Disappoints Investors on Earnings Calls
  • 1,100 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,102 days China Is Quietly Trying To Distance Itself From Russia
  • 1,102 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,106 days Crypto Investors Won Big In 2021
  • 1,106 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,107 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,109 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,110 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,113 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,114 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,114 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,116 days Are NFTs About To Take Over Gaming?
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

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:: The Long-Term Rising Trendline is Challenged

USD/CAD is trying to bounce close to the support implied by the long-term rising trendline (around 1.0643). Another strong support stands at 1.0559. Hourly resistances for a short-term bounce can be found at 1.0697 (27/06/2014 high) and 1.0752 (25/06/2014 high).

In the longer term, the technical structure looks like a rounding bottom whose minimum upside potential is at 1.1725. However, a break of the support area implied by the long-term rising trendline (around 1.0643) and 1.0559 (29/11/2013 low) would invalidate this long-term bullish configuration.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment