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

USD/CAD - Stalling Below Resistance At 1.3433

USD/CAD's bullish momentum is fading. However, the pair is still trading within resistance area between 1.3278 (24/10/2016 low) and 1.3433 (28/10/2016 high). Expected to see another monitoring of resistance at 1.3433. Key support at 1.3000 (22/09/2016 low) seems far.

In the longer term, the pair is trading around 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 increase.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment