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USD/CAD - Bouncing Further

USD/CAD's momentum is still negative as long as hourly support at 1.2832 (29/07/2015 low) holds. Hourly resistance lies at 1.3080 (13/10/2015 high).

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

 

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