(28 AUGUST 2017)USD / CAD:Selling pressure continue.

(28 AUGUST 2017)USD / CAD:Selling pressure continue.

28 August 2017, 13:34
Jiming Huang
0
19

cad

Selling pressure continue.

(By Yann Quelenn)

• USD/CAD selling continues. Hourly support is 

given at a distance at 1.2414 (27/07/2017 low) 

while resistance is now given at a distance at 

1.2778 (15/08/2017 low). Expected to show 

continued short-term bearish move. 

• 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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