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USD/CAD close to visiting resistance - page 5

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Diana Jackson
426
Diana Jackson  

It's still testing the support, but I think it will continue falling.

Alexander Londono
803
Alexander Londono  

The USDCAD may bounce to the downside from the 1.3300 level, below the 1.3200, the 1.3100 may act as support.

Diana Jackson
426
Diana Jackson  

The pair reached 1.2950, which is a strong support level. If it breaks below that support it may fall all the way to 1.2600.

Manss
163
Manss  

I can see an excellent entrance to the USDCAD market after passing/reaching the 1.3645 level. The price will go up.

Ari Goldman
493
Ari Goldman  

I think it's bottomed out now.

Diana Jackson
426
Diana Jackson  

Yes, it looks like there will be some retracement in the next few days. I think target is around 1.3200 - 1.3220.

Alexander Londono
803
Alexander Londono  

The USDCAD could not break above the 21 day EMA and keeps its bearish trend. Right now the 1.2900 zone could be support.

Diana Jackson
426
Diana Jackson  

I think that if it breaks below 1.2960 it will continue towards 1.2650. We might have to wait for the NFP for it to break below that level though.

Ari Goldman
493
Ari Goldman  

Bears are not done yet i think.

Diana Jackson
426
Diana Jackson  

Now that it broke above 1.3120 next target should be around at least 1.3300.

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