- USD/CAD bull leg is challenging 1.2950-59 (multi-month resistance and August 7 low).
- USD/CAD is trying to regain the 50 and 200-period simple moving average while the RSI, MACD and Stochastics are constructive for more gains ahead.
- On a break above 1.2950-59, targets to the upside become 1.3000 figure and 1.3048 August 14 low.
Spot rate: 1.2934
Relative change: 0.09%
High: 1.2956
Low: 1.2888
Main trend: Neutral
Resistance 1: 1.2950-59 multi-month resistance and August 7 low
Resistance 2: 1.3000 figure
Resistance 3: 1.3048 August 14 low
Resistance 4: 1.3108, September 7 low
Resistance 5: 13200 figure
Support 1: 1.2882-1.2900 September 20 low and figure
Support 2: 1.2855-65 June 6 low – 200-day SMA
Support 3: 1.2800 figure
Support 4: 1.2727 May 11 low
Support 5: 1.2600 figure
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