Trading mixed.
• USD/CAD is trading sideways. Hourly support
can be found at 1.3388 (25/01/2017 high).
Expected to show continued weakness.
• In the longer term, there is now a death cross
with the 50 dma crossing below the 200 dma
indicating further downside 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)
