(10 APRIL 2017)USD / CAD:Choppy trading.

(10 APRIL 2017)USD / CAD:Choppy trading.

10 April 2017, 14:08
Jiming Huang
0
43

USDCAD


Choppy trading. 

• USD/CAD has broken resistance area around

1.3400 which invalidates the short term bearish 

technical structure. Hourly support is given at 

1.3265 (21/03/2016 low) is at stake. Key support 

is given at 1.2969 (31/01/2017 low). 

• 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 )


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