(17 JULY 2017)USD / CAD:Important selling pressures.

Important selling pressures.

(By Yann Quelenn)

• USD/CAD is going lower but the pair remains 

in a strong bearish momentum. Hourly support is 

given at 1.2681 (12/07/2017 low). Resistance is 

located at 1.3014 (02/15/2017). Expected to show 

continued bearish 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).