(11 SEPTEMBER 2017)USD / CAD:Bearish.

(11 SEPTEMBER 2017)USD / CAD:Bearish.

11 September 2017, 13:34
Jiming Huang
0
24

cad

Bearish.

(By Yann Quelenn )

• USD/CAD is moving lower, confirming an 

underlying declining trend. Hourly support is 

located at 1.1945 (29/04/2015 low). Resistance is 

now given at a distance at 1.2778 (15/08/2017 

low). Expected to show continued short-term 

bearish pressures. 

• In the longer term, the pair has broken longterm support that can be found at 1.2461 

(16/03/2015 low). Strong resistance is given at 

1.4690 (22/01/2016 high). The pair is likely to 

head further lower.


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