(18 SEPTEMBER 2017)USD / CAD:Short-term increase.

(18 SEPTEMBER 2017)USD / CAD:Short-term increase.

18 September 2017, 13:54
Jiming Huang
0
15

cad


Short-term increase.

(By Yann Quelenn )

• USD/CAD is consolidating. Hourly support is 

located at 1.2062 (08/09/2017 low). Resistance is 

now given at a distance at 1.2239 (intraday high). 

Expected to show continued short-term bullish 

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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