• 1,009 days Will The ECB Continue To Hike Rates?
  • 1,009 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,011 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,411 days Could Crypto Overtake Traditional Investment?
  • 1,416 days Americans Still Quitting Jobs At Record Pace
  • 1,418 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,421 days Is The Dollar Too Strong?
  • 1,421 days Big Tech Disappoints Investors on Earnings Calls
  • 1,422 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,424 days China Is Quietly Trying To Distance Itself From Russia
  • 1,424 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,428 days Crypto Investors Won Big In 2021
  • 1,428 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,429 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,431 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,432 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,435 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,436 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,436 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,438 days Are NFTs About To Take Over Gaming?
How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

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…

  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