(16 OCTOBER 2017)USD / CAD:Middle of rising channel.

(16 OCTOBER 2017)USD / CAD:Middle of rising channel.

16 October 2017, 13:41
Jiming Huang
0
24

cad


Middle of rising channel.

(Yann Quelenn )

• USD/CAD continues to bounce within uptrend channel. Strong support is located at a distance at 1.2062 (08/09/2017 low). Hourly support lies at 1.2331 (26/09/2017 high). Resistance is given at 1.2663 (31/08/2017 high). Expected to show continued short-term bullish pressures within uptrend channel. • 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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