• 813 days Will The ECB Continue To Hike Rates?
  • 813 days Forbes: Aramco Remains Largest Company In The Middle East
  • 815 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,215 days Could Crypto Overtake Traditional Investment?
  • 1,220 days Americans Still Quitting Jobs At Record Pace
  • 1,222 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,225 days Is The Dollar Too Strong?
  • 1,225 days Big Tech Disappoints Investors on Earnings Calls
  • 1,226 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,228 days China Is Quietly Trying To Distance Itself From Russia
  • 1,228 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,232 days Crypto Investors Won Big In 2021
  • 1,232 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,233 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,235 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,236 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,239 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,240 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,240 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,242 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

USD/CAD - Still Pushing Higher

USD/CAD is now pushing towards 1.300. Hourly support is given at 1.2540 (02/07/2015 low). Stronger hourly support can be found 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 1.2973 (16/07/2015 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