• 1,105 days Will The ECB Continue To Hike Rates?
  • 1,106 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,107 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,507 days Could Crypto Overtake Traditional Investment?
  • 1,512 days Americans Still Quitting Jobs At Record Pace
  • 1,514 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,517 days Is The Dollar Too Strong?
  • 1,517 days Big Tech Disappoints Investors on Earnings Calls
  • 1,518 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,520 days China Is Quietly Trying To Distance Itself From Russia
  • 1,520 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,524 days Crypto Investors Won Big In 2021
  • 1,524 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,525 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,527 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,528 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,531 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,532 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,532 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,534 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…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

USD/CAD - Never-Ending Increase

USD/CAD is pushing higher. Hourly support is located far away at 1.3803 (25/12/2015 low) which break would trigger a sharp move to key support at 1.3225 (12/11/2015 low). Expected to show continued 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. Strong resistance is given at 1.4948 (21/03/2003 high). 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