Consolidating below 1.2400.
(Yann Quelenn )
• USD/CAD's bearish momentum is showing
ending signals. The pair remains nonetheless in
a strong bearish momentum. Hourly resistance is
given at 1.2544 (26/07/2017). Expected to show
further consolidation above 1.2400.
• In the longer term, the pair has broken longterm support that can be found at 1.2461
(16/03/2015 low) before bouncing back. Strong
resistance is given at 1.4690 (22/01/2016 high).
The pair should head further lower.