(15 MAY 2017)USD / CAD:Weakening.

(15 MAY 2017)USD / CAD:Weakening.

15 May 2017, 13:54
Jiming Huang
0
24

cad

Weakening.

• USD/CAD has declined after failing to reach 

1.3800 before bouncing back. Hourly support 

can be found at 1.3411 (24/04/2017 high) then 

1.3353 (20/01/2017 high). Expected to show 

bearish pressures as the pair remains broke 

support at 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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