(26 JUNE 2017)USD / CAD:Buying demand is fading.

(26 JUNE 2017)USD / CAD:Buying demand is fading.

26 June 2017, 13:39
Jiming Huang
0
14

cad

Buying demand is fading.

• USD/CAD is in a consolidation phase after the 

strong decline. Hourly support lies at 1.3165 

(14/06/2017 high). Expected to show continued 

weakness towards support given at 1.3010 

(16/02/2017 low). 

• In the longer term, the pair lies in a bullish 

channel since a year. 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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