• 397 days Could Crypto Overtake Traditional Investment?
  • 402 days Americans Still Quitting Jobs At Record Pace
  • 404 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 407 days Is The Dollar Too Strong?
  • 407 days Big Tech Disappoints Investors on Earnings Calls
  • 408 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 410 days China Is Quietly Trying To Distance Itself From Russia
  • 410 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 414 days Crypto Investors Won Big In 2021
  • 414 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 415 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 417 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 418 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 421 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 422 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 422 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 424 days Are NFTs About To Take Over Gaming?
  • 425 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 428 days What’s Causing Inflation In The United States?
  • 429 days Intel Joins Russian Exodus as Chip Shortage Digs In
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

USD/CAD - Selling Pressures Are Still On

USD/CAD's bearish momentum is still lively, despite it fails to test strong support at 1.3300. Hourly support is given at 1.3386 (01/03/2016 low). Hourly resistance can be found at 1.3587 (29/02/2016 high). Expected to see further weakening.

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