Technicals

Add as a preferred source on Google

USD/CAD bounce targets 1.2270, 38.2% of March/May fall

Tight doji early in a slow start to trading in Asia, opened +1.2% 5, 10 & 20 dma's conflict, momentum studies edge higher Initial support is seen at 1.2100, 38.2% Fibonacci retracement and resistance at 1.2170

1 min read
USD/CAD bounce targets 1.2270, 38.2% of March/May fall
Image from the original EconoTimes article

Read the original article

  • Tight doji early in a slow start to trading in Asia, opened +1.2%

  • 5, 10 & 20 dma's conflict, momentum studies edge higher

  • Initial support is seen at 1.2100, 38.2% Fibonacci retracement and resistance at 1.2170

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560