(10 JULY 2017)USD / CAD:Heading lower.

(10 JULY 2017)USD / CAD:Heading lower.

10 July 2017, 13:45
Jiming Huang
0
17

cad


Heading lower.

(Yann Quelenn )

• USD/CAD's bearish momentum continues. 

Support given at 1.2913 (04/07/2017 low) has 

been broken. Resistance is located at 1.3014 

(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).

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