(03 JULY 2017)USD / CAD:Bearish breakout.

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).