• 9 hours The Biggest Loser In The China-U.S. Tariff Tit-For-Tat
  • 1 day Trade War Takes Its Toll On Shipping
  • 3 days Is $90 Oil Possible? An Interview With Jay Park
  • 4 days Billions Of Dollars Are Flooding Into The Flying Taxi Space
  • 4 days Is This The Most Important Energy Project Of 2020?
  • 5 days Startups Are Dying To Give You A Better Death
  • 5 days U.S. Restaurants Are Struggling With Rising Labor Costs
  • 6 days The Banking Bonanza Is Just Getting Started
  • 6 days How The Trade War Ceasefire Will Impact The Energy Industry
  • 7 days Who Is The Most Dangerous Person On The Internet?
  • 7 days SoftBank Sees First Quarterly Loss In 14 Years
  • 9 days Prepare For An Oil Glut In 2020
  • 10 days Why A Strong Yuan Is A Promising Sign For The Trade War
  • 11 days What Would You Sacrifice For A Debt-Free Life?
  • 11 days Shareholders Urge Major Bank To Stop Funding Fossil Fuel Companies
  • 11 days Tariffs Are Causing A Slowdown In U.S. Manufacturing
  • 12 days The Great Silicon Valley Migration Has Begun
  • 12 days 3 Oil Stocks Paying Out Promising Dividends In 2020
  • 13 days How Fractional Trading Is Democratizing the Stock Markets
  • 13 days Why Smart Money Is Looking To Short Aramco
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 - Setting 3-Month High

USD/CAD has set a 3-month high at 1.2633 by breaking the resistance at 1.2597 (01/07/2015 high). Hourly support is given at 1.2540 (02/07/2015 low). Hourly support is given at 1.2363 (30/06/2015 low). We remain bullish on the pair as long as the technical structure suggests an upside momentum.

In the longer term, the break of the key support at 1.2352 (03/02/2015 low) indicates increasing selling pressures, which favours further medium-term weakness. As a result, a significant top has likely been made at 1.2835 (18/03/2015 high). Support can be found at 1.1731 (06/01/2015 low).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment