Bearish breakout.
(By Yann Quelenn )
• USD/CAD is way into bearish mode. Strong
support given at 1.2969 (31/01/2017 low) has
been broken. Resistance is located at 1.3010
(02/15/2017). Expected to show continued
downside pressures.
• 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).
