• 5 mins Africa Turns To Innovation Amid The Global Pandemic
  • 1 hour COVID-19 Sparked A Bicycle Boom
  • 2 hours Will Government COVID Intervention Cause Inflation?
  • 19 hours The Bitcoin Miner That Is Paid To Do Nothing
  • 22 hours Capital Gain vs. Capital Consumption
  • 1 day Tesla’s Latest Battery Innovation Ready For Use In China
  • 2 days China Targets Hong Kong As Cold War With US Heats Up
  • 3 days No Shirt, No Shoes, No Mask, No Service
  • 4 days Is Bitcoin Actually Worth The Energy It Uses?
  • 4 days Insurance Companies Are Turning People Away As COVID-19 Crisis Escalates
  • 4 days Mining Exploration To Drop By Nearly 30% Despite Gold Boom
  • 4 days Europe Set To Unveil Its $500 Billion 'Green Deal'
  • 5 days Major Diamond Mine Slashes Production
  • 5 days Social Security Could Dry Up In Less Than A Decade
  • 6 days Europe On The Brink Of Economic Crisis
  • 6 days Barrick Gold Launches Exploration Program In Japan
  • 6 days COVID-19 Is A Hacker’s Paradise
  • 6 days Why Big Finance Is Bailing On Fossil Fuels
  • 7 days A New Trade War Will Send Gold Even Higher
  • 7 days Could COVID-19 Lead To Authoritarianism?
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…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

Contact Author

  1. Home
  2. Markets
  3. Other

USD/CAD - Selling Pressures Are Fading

USD/CAD keeps on weakening since the pair reached 1.3800. Hourly support can be found at 1.3411 (24/04/2017 high) then 1.3353 (20/01/2017 high). Expected to show continued bearish pressures.

In the longer term, there is a golden cross with the 50 dma crossing the 200 dma indicating further upside pressures. Strong resistance is given at 1.4690 (22/01/2016 high). Long-term support can be found at 1.2461 (16/03/2015 low).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment