Consolidating.
• USD/CAD has increased sharply this week. The
pair is now consolidating. There is still a strong
upside momentum. Resistances can now be
found 1.3535 (09/03/2017 high). Hourly support
can be located at 1.3456 (04/04/2017 high) then
1.3353 (20/01/2017 high).
• 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).
(By Peter Rosenstreich )
