(08 MAY 2017)USD / CAD:Profit-taking.

(08 MAY 2017)USD / CAD:Profit-taking.

8 May 2017, 14:04
Jiming Huang
0
12

CAD

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 )

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