USDCAD Technical Analysis - the price has fallen steadily since recording a new 6-year high last week
26 March 2015, 03:11
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USDCAD
- USDCAD has fallen steadily since recording a new 6-year high last week
- Our near-term trend bias is higher in Funds while above 1.2360
- However, a move back through the February closing high at 1.2715 is needed to reinvigorate the uptrend
- A very minor turn window is eyed today
- A close below 1.2360 would turn us negative on USDCAD
| Instrument | Support 2 | Support 1 | Spot | Resistance 1 | Resistance 2 |
|---|---|---|---|---|---|
| USD/CAD | 1.2360 | 1.2485 | 1.2485 | 1.2610 | 1.2715 |
