(14 AUGUST 2017)USD / CAD:Short-term bullish momentum continues.

(14 AUGUST 2017)USD / CAD:Short-term bullish momentum continues.

14 August 2017, 13:49
Jiming Huang
0
21

cad


Short-term bullish momentum continues.

(Yann Quelenn )

• USD/CAD's short-term bullish momentum 

continues. The road is wide open for further 

increase. Hourly support is given at a distance at 

1.2414 (27/07/2017 low). Expected to show 

continued increase. 

• 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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