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Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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USD/CAD - Selling Pressures Are Important

USD/CAD is getting lower. Strong support at 1.2832 (04/07/2016 low) has been broken. Stronger resistance is located at 1.3253 (27/07/2016 high).

In the longer term, the pair is still trading below its 200-day moving average. Strong resistance is given at 1.4690 (22/01/2016 high). Long-term support can be found at 1.2461 (16/03/2015 low). The pair is likely in a consolidation phase within a new long-term decline.

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