(24 APRIL 2017):USD / CAD:Consolidating.

(24 APRIL 2017):USD / CAD:Consolidating.

24 April 2017, 14:08
Jiming Huang
0
23

CAD


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 )

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