Friday, October 16, 2026

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USDCAD breaks major resistance at 1.3420, jump till 1.3530 likely

Major resistance -1.34150 (Mar 28th 2017 high) Major support – 1.3378 (21- H EMA) USD/CAD has broken major resistance at 1.3420 and jumped till 1.34339 at the time of writing. It is currently trading around 1.34311. On t…

By FxWirePro Team
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USDCAD breaks major resistance at 1.3420, jump till 1.3530 likely
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  • Major resistance -1.34150 (Mar 28th 2017 high)
     
  • Major support – 1.3378 (21- H EMA)
     
  • USD/CAD has broken major resistance at 1.3420 and jumped till 1.34339 at the time of writing. It is currently trading around 1.34311.
     
  • On the higher side, any break above 1.3420 confirms minor bullishness, a jump till 1.3500/1.3535 (Mar 9th high).
     
  • The major intraday support is around 1.3375 and any break below targets 1.3350 (200- H MA)/1.3300/1.3260 (Mar 21st 2017 low).
     
  • Minor bullish invalidation only below  1.3260.

    It is good to buy on dips around 1.3430 with SL around 1.3375 for the TP of 1.3530.

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By FxWirePro Team