Thu, Jan 28, 2021 @ 08:37 GMT
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USD/CAD Reaches Two-Week High

During the past 24 hours of trading, the US Dollar has depreciated about 0.74% in value against the Canadian Dollar. The currency pair reached a two-week high at 1.3148 during the Asian session on Tuesday.

As for the near future, the exchange rate could make a brief retracement towards a support level formed by the 50-hour simple moving average at 1.3081 within this session.

However, the weekly resistance level at 1.3108 could act as a support level during the coming trading hours.

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This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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