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).
