• 3 hours Capital Gain vs. Capital Consumption
  • 5 hours Tesla’s Latest Battery Innovation Ready For Use In China
  • 22 hours China Targets Hong Kong As Cold War With US Heats Up
  • 2 days No Shirt, No Shoes, No Mask, No Service
  • 3 days Is Bitcoin Actually Worth The Energy It Uses?
  • 3 days Insurance Companies Are Turning People Away As COVID-19 Crisis Escalates
  • 3 days Mining Exploration To Drop By Nearly 30% Despite Gold Boom
  • 3 days Europe Set To Unveil Its $500 Billion 'Green Deal'
  • 4 days Major Diamond Mine Slashes Production
  • 4 days Social Security Could Dry Up In Less Than A Decade
  • 5 days Europe On The Brink Of Economic Crisis
  • 5 days Barrick Gold Launches Exploration Program In Japan
  • 5 days COVID-19 Is A Hacker’s Paradise
  • 5 days Why Big Finance Is Bailing On Fossil Fuels
  • 6 days A New Trade War Will Send Gold Even Higher
  • 6 days Could COVID-19 Lead To Authoritarianism?
  • 7 days The $30 Trillion Mega-Trend To Watch As Markets Bounce Back
  • 7 days Gold Soars To 7-Year Highs
  • 8 days From Smartphones To Smart VR Acquisition, Apple Pushes the Envelope
  • 10 days Why Covid-19 Won’t Kill The Renewable Revolution
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

Contact Author

  1. Home
  2. Markets
  3. Other

USD/CAD - Breaking The Upside Trend-Line

USD/CAD is still trading in range. Hourly support is given at 1.3117 (31/08/2015 low). Stronger support can be found at 1.2862 (29/07/2015 low). Resistance lies at 1.3354 (25/08/2015 high). For the time being, we remain bullish on the pair as long as support at 1.3117 stands. Nonetheless the upside trend-line is on target.

In the longer term, the break of the key resistance at 1.3065 (13/03/2009 high) has indicated increasing buying pressures, which favours further medium-term strengthening. 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