Daily Technical Strategist On USDCAD
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
USDCAD: Builds On Recovery Strength
USDCAD: With the pair following through higher during Tuesday trading session, it looks to build on that strength in the days ahead. On the upside, resistance stands at the 1.0900 level where a break will expose the 1.0950 level followed by the 1.1000 level and then the 1.1069 level. A cut through here will turn focus to the 1.1100 level and then the 1.1150 level. Its daily RSI is bullish and pointing higher supporting this view. Conversely, on the downside, support lies at the 1.0830 level where a break will aim at the 1.0750 level and then the 1.0700 level. Further down, support is located at the 1.0650 level where a break if seen will pave the way for a run at the 1.0600 level. All in all, USDCAD faces further recovery risk.