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
• 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.