(By Yann Quelenn )
• USD/CAD has broken resistance at 1.2778
(15/08/2017 high). This suggests an extension of
bullish momentum. Hourly support lies at 1.2331
(26/09/2017 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.