(27 NOVEMBER 2017)USD / CAD:Sideways price action.

(27 NOVEMBER 2017)USD / CAD:Sideways price action.

27 November 2017, 12:56
Jiming Huang
0
11

cad


Sideways price action.

(By Yann Quelenn)

• USD/CAD has failed to clear resistance

indicating downside risks. Hourly resistance can

be found at 1.2837 (21/11/2017 high). Hourly

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

to show bearish 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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