Technicals

Add as a preferred source on Google

USD/CAD is trading stronger, market eyes Canada GDP data

RES 4: 1.3024 RES 3: 1.2854 (100% projection of 1.23901 to 1.2835 from 1.24089) RES 2: 1.2835 RES 1: 1.27513 PRICE: 1.2753@ 10:45 GMT SUP 1: 1.2680 (Kijun-Sen) SUP 2: 1.2600 SUP 3:1.2570 (200 day HMA) SUP 4: 1.2550 USD/C…

1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • RES 4: 1.3024

  • RES 3:   1.2854 (100% projection of 1.23901 to 1.2835 from 1.24089)

  • RES 2: 1.2835

  • RES 1: 1.27513

   PRICE:  1.2753@ 10:45 GMT 

  • SUP 1: 1.2680 (Kijun-Sen)

  • SUP 2: 1.2600

  • SUP 3:1.2570 (200 day HMA)

  •  SUP 4: 1.2550

USD/CAD is trading around 1.2750 and major resistance is around 1.2835 break above would extend gains till 1.2860/1.3000 in short term.

On the downside major support is around 1.25700 and any trend reversal can happen only below that level.It is good to buy at dips around 1.26700 for the target 1.2860/1.3000.

 

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