• 6 hours The Pandemic Proof $53 Billion Industry Wall Street Can’t Ignore
  • 9 hours Will Gold Hit $2,000?
  • 13 hours Trump’s Proposed Regulation Could Slow The ESG Boom
  • 1 day India To Auction 41 Coal Assets
  • 2 days Eldorado Sees Gold Production Soar In Second Quarte
  • 2 days Do Gold Stocks Still Have Upside Potential?
  • 3 days The S&P 500’s Top Companies Hold $2.5 Trillion In Debt
  • 4 days Electric Vehicle Rebound Bolsters Battery Metal Growth
  • 4 days BlackRock Makes A Run On Asian Stocks
  • 5 days Gold Prices Surge Above $1,800
  • 5 days Chinese Stocks Soar On Bullish Economic Data
  • 6 days Apple’s “Holy Grail Of Data” Leaves Energy Traders Disappointed
  • 6 days Gold Rally Adds $250 Billion To Top 50 Miners' Market Cap
  • 6 days TikTok Is Becoming A New Battleground For Tech Politics
  • 6 days Peru's Mining Industry Pummeled As Coronavirus Cases Surge
  • 7 days Why The World Is So Divided In Its COVID-19 Response
  • 7 days Equities Cheer Stellar Jobs Report, But It May Be Fleeting
  • 8 days Is Tech Billionaire Peter Thiel Done With Trump?
  • 9 days Musk Takes To Twitter To Troll The SEC
  • 10 days Lunar Mining May Commence As Early As 2025
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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 - 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