• 1,199 days Will The ECB Continue To Hike Rates?
  • 1,199 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,201 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,601 days Could Crypto Overtake Traditional Investment?
  • 1,606 days Americans Still Quitting Jobs At Record Pace
  • 1,608 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,611 days Is The Dollar Too Strong?
  • 1,611 days Big Tech Disappoints Investors on Earnings Calls
  • 1,612 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,614 days China Is Quietly Trying To Distance Itself From Russia
  • 1,614 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,618 days Crypto Investors Won Big In 2021
  • 1,618 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,619 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,621 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,622 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,625 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,626 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,626 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,628 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 - Consolidating

USD/CAD strong upside momentum has paused below 1.4000. Hourly (and long-term) resistance holds at 1.4001. Significant support stands at 1.3225 (12/11/2015 low). Expected to keep going this consolidating phase.

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. Strong resistance is given at 1.4002 (18/05/2004). 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