Home USD/CAD Technical Analysis: Loonie sidelined above 1.3270
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USD/CAD Technical Analysis: Loonie sidelined above 1.3270

  • USD/CAD is trading sideways within the range of last week’s trading.
  • USD/CAD bears tried to reverse the current bear trend on Friday, however, sellers will need to breakout below the current week’s low at 1.3267 in order to confirm the trend reversal.

USD/CAD 15-minute chart

Spot rate:                   1.3311

Relative change:         0.33%
High:                          1.3319
Low:                           1.3267

Trend:                         Neutral  

Resistance 1:            1.3350 June 21, 2017 swing high
Resistance 2:            1.3383, last week’s high
Resistance 3:            1.3543 June 9, 2017 swing high

Support 1:                 1.3267 current week’s low
Support 2:                 1.3200 figure
Support 3:                 1.3155 former supply/demand level

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