HomeContributorsTechnical AnalysisUSD/CAD Failing To Break Resistance At 1.3015

USD/CAD Failing To Break Resistance At 1.3015

USD/CAD tries to recover after enduring a sharp decline at 1.2863, currently trading at the 1.2930 range. Hourly support and resistance are given at 1.2668 (26/02/2018 low) and 1.3015 (05/07/2018 high). The technical structure suggests short-term decrease.

In the longer term, the pair is trading between resistance point at 1.3805 (05/05/2017 high) and support at 1.2128 (18/06/2015 low). Strong resistance is given at 1.4690 (22/01/2016 high). The pair is likely to head lower. The pairs is trading above its 200 DMA

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