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Technical Analysis

USD/CAD Testing Support At 1.2667

Typography

USD/CAD is testing hourly support lies at 1.2667 (10/11/2017 low). Hourly resistance stands at 1.2917 ( 27/10/2017 high).Expected to show further bearish pressures.

In the longer term, the pair has broken longterm support that can be found at 1.2461 (16/03/2015 low). Strong resistance is given at 1.4690 (22/01/2016 high). The pair is likely to head further lower.

Author: Swissquote Bank SA Website: http://en.swissquote.com/fx
Swissquote Bank SA
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