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.