• 1,071 days Will The ECB Continue To Hike Rates?
  • 1,071 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,073 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,473 days Could Crypto Overtake Traditional Investment?
  • 1,478 days Americans Still Quitting Jobs At Record Pace
  • 1,480 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,483 days Is The Dollar Too Strong?
  • 1,483 days Big Tech Disappoints Investors on Earnings Calls
  • 1,484 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,486 days China Is Quietly Trying To Distance Itself From Russia
  • 1,486 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,490 days Crypto Investors Won Big In 2021
  • 1,490 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,491 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,493 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,494 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,497 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,498 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,498 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,500 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…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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 - The Bullish Momentum Continues

USD/CAD is still moving higher despite signs of short-term exhaustion after its overextended rise. The short-term technical structure is positive as long as the hourly support at 1.3261 (uptrend channel) holds. Hourly resistance lies at 1.3417 (24/09/2015),

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