(02 OCTOBER 2017)USD / CAD:Short-term bullish pressures continue

(02 OCTOBER 2017)USD / CAD:Short-term bullish pressures continue

2 October 2017, 13:35
Jiming Huang
0
23

cad

Short-term bullish pressures continue.

(By Yann Quelenn)

• USD/CAD continues to move higher despite 

ongoing consolidation. Strong support is 

located at a distance 1.2062 (08/09/2017 low). 

Hourly support lies at 1.2331 (26/09/2017 high). 

Resistance is given at 1.2532 (29/09/2017 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.


Share it with friends: