(31 JULY 2017)USD / CAD:Consolidating below 1.2400.

(31 JULY 2017)USD / CAD:Consolidating below 1.2400.

31 July 2017, 13:32
Jiming Huang
0
15

cad

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.


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