• 1,080 days Will The ECB Continue To Hike Rates?
  • 1,080 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,082 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,482 days Could Crypto Overtake Traditional Investment?
  • 1,487 days Americans Still Quitting Jobs At Record Pace
  • 1,489 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,492 days Is The Dollar Too Strong?
  • 1,492 days Big Tech Disappoints Investors on Earnings Calls
  • 1,493 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,495 days China Is Quietly Trying To Distance Itself From Russia
  • 1,495 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,499 days Crypto Investors Won Big In 2021
  • 1,499 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,500 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,502 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,503 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,506 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,507 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,507 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,509 days Are NFTs About To Take Over Gaming?
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…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  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