• 18 hours Why The World's Central Banks Aren't Yet Sold On Renewables
  • 1 day How Much More Cash Can Uber Burn?
  • 2 days Inside The Biggest Counterfeit Gold Scandal In Recent History
  • 2 days EU-U.S. Trade Relations Are Deteriorating
  • 2 days Over 184 Companies Have Bailed On Facebook
  • 3 days BP Sells Petrochemical Business For $5 Billion
  • 3 days U.S. Moves To Secure Domestic Rare Earth Supply
  • 3 days E-Commerce Explodes As Boomers Go Digital
  • 4 days Major U.S. Cities Are Turning To Renewables
  • 4 days Economic Reopening Backfires, COVID Surge Snaps Recovery
  • 5 days How Are Low Car Sales Impacting The Metals Market?
  • 5 days Are Gold Stocks Still Undervalued?
  • 6 days Singapore's $3 Billion Oil Trading Scandal
  • 7 days Luxury Clothing Isn’t A Priority As Americans Grapple With COVID-19
  • 7 days Natural Gas Demand Hits 25-Year Low
  • 8 days Gold Inches Towards $1,800 As Investors Pile Into ETFs
  • 8 days The War On Gold Has Begun
  • 8 days Immigration Attack Will Ruin America’s Tech Dominance
  • 9 days Saudi Arabia Builds $4 Billion Tourism Fund
  • 9 days U.S. Banks Have Seen $2 Trillion In Deposits Since January
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…

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 - 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