• 1,014 days Will The ECB Continue To Hike Rates?
  • 1,014 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,016 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,416 days Could Crypto Overtake Traditional Investment?
  • 1,421 days Americans Still Quitting Jobs At Record Pace
  • 1,423 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,426 days Is The Dollar Too Strong?
  • 1,426 days Big Tech Disappoints Investors on Earnings Calls
  • 1,427 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,429 days China Is Quietly Trying To Distance Itself From Russia
  • 1,429 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,433 days Crypto Investors Won Big In 2021
  • 1,433 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,434 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,436 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,437 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,440 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,441 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,441 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,443 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…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

USD/CAD - Drifting Higher

USD/CAD is still increasing above 1.3000. Hourly support is given at 1.2540 (02/07/2015 low). Stronger 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