(21 NOVEMBER 2017)USD / CAD:Short-term bullish

(21 NOVEMBER 2017)USD / CAD:Short-term bullish

21 November 2017, 12:46
Jiming Huang


Short-term bullish

(By Yann Quelenn)

• USD/CAD has failed to clear resistance

indicating downside risk. Resistance at 1.2820

(07/11/2017 high) has been broken. Hourly

support lies at 1.2667 (10/11/2017 low). Expected

to show continued upside 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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