- USD/CAD is trying to resume the main bull trend as it is consolidating in a bull flag.
- USD/CAD bulls objective is to breakout above 1.3100 figure and the bear trendline. The RSI and MACD indicators are supportive of higher prices.
- Targets to the upside are located near 1.3200 and 1.3300 figure.
Spot rate: 1.3064
Relative change: 0.21%
High: 1.3079
Low: 1.3043
Trend: Bullish
Resistance 1: 1.3048-1.3066 area, August 14 low and July 9 low
Resistance 2: 1.3100 figure
Resistance 3: 1.3120-1.3155 zone, supply/demand level and June 18 low
Resistance 4: 1.3172 August 13 swing high
Support 1: 1.3022 July 25 low
Support 2: 1.3000 figure
Support 3: 1.2984 August 29 swing low
Support 4: 1.2959 August 7 swing low
Support 5: 1.2920 supply level
Support 6: 1.2900 figure
Support 7: 1.2857 June 6 low
Support 8: 1.2800 figure
Share
