(24 JULY 2017)USD / CAD:Riding lower.

(24 JULY 2017)USD / CAD:Riding lower.

24 July 2017, 13:48
Jiming Huang
0
18

cad

Riding lower.

(By Yann Quelenn )

• USD/CAD is going lower and the pair remains 

in a strong bearish momentum. Hourly support is 

given at 1.2524 (21/07/2017 low). Hourly 

resistance is given at 1.2701 (17/07/2017). 

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).


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