(04 DECEMBER 2017)USD / CAD:Monitoring resistance at 1.2667.

Monitoring resistance at 1.2667.

(By Yann Quelenn)

• USD/CAD is approaching hourly support lies at

1.2667 (10/11/2017 low). Hourly resistance stands

at 1.2917 ( 27/10/2017 high).Expected to show

further 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.