• 1,079 days Will The ECB Continue To Hike Rates?
  • 1,080 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,081 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,481 days Could Crypto Overtake Traditional Investment?
  • 1,486 days Americans Still Quitting Jobs At Record Pace
  • 1,488 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,491 days Is The Dollar Too Strong?
  • 1,491 days Big Tech Disappoints Investors on Earnings Calls
  • 1,492 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,494 days China Is Quietly Trying To Distance Itself From Russia
  • 1,494 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,498 days Crypto Investors Won Big In 2021
  • 1,498 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,499 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,501 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,502 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,505 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,506 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,506 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,508 days Are NFTs About To Take Over Gaming?
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…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

USD/CAD - Bearish Consolidation

USD/CAD is heading slightly downwards but the pair remains in an upside momentum. Resistance can be found at 1.3318 (06/11/2015 high). Significant supports stand at 1.2949 (Fibo 38% retracement level). Expected to increase.

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 1.2832 (15/10/2015 low) then 1.1731 (06/01/2015 low).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment