USD/CAD Slight Decline

USD/CAD recovery phase from 1.2528 low pauses, slightly declining and heading along the 1.2610 range. Hourly support and resistance are given at 1.2504 (06/02/2018 low) and 1.2755 (22/02/2018 high). The short-term 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 pair is trading at its 200 DMA.

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