(30 OCTOBER 2017)USD / CAD:Surging.

(30 OCTOBER 2017)USD / CAD:Surging.

30 October 2017, 12:38
Jiming Huang
0
23

cad


Surging.

(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.

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