(23 OCTOBER 2017)USD / CAD:Preparing to challenge 1.2663.

(23 OCTOBER 2017)USD / CAD:Preparing to challenge 1.2663.

23 October 2017, 13:53
Jiming Huang
0
17

cad

Preparing to challenge 1.2663.

(By Peter Rosenstreich)

• USD/CAD bullish drive suggest a challenge to 1.2663 horizontal resistance. Hourly support lies at 1.2331 (26/09/2017 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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