Profit-taking.
• USD/CAD has declined after failing to reach
1.3800. Hourly support can be found at 1.3411
(24/04/2017 high) then 1.3353 (20/01/2017 high).
Expected to show renewed bullish pressures as
long as the pair remains above 1.3530
(27/04/2017 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 Yann Quelenn )
