USDCAD Rejects Lower Prices With Eyes On 1.3400 Level

20 August 2019, 19:30
FXTechstrategy.com
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USDCAD rejects lower prices with eyes on 1.3400 level as it retains its medium term uptrend. Support comes in at the 1.3300 level where a break will aim at the 1.3250 level. Further down, support comes in at the 1.3200 level where a turn lower may occur. Further down, support comes in at the 1.3150 level. Conversely, resistance lies at the 1.3350 level where a violation will target the 1.3400 level. Further up, resistance resides at the 1.3450 level and then the 1.3500 level. All in all, USDCAD looks to recover further higher medium term.