USD/CAD Technical Analysis: Greenback currently supported near 1.3300 level
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USD/CAD Technical Analysis: Greenback currently supported near 1.3300 level

  • USD/CAD is currently having a small bounce up as the market tried to break below 1.3300.  
  • USD/CAD is trading sideways after the currency pair met resistance at the 1.3350 June 21, 2017 swing high three days ago.
  • USD/CAD is holding above the 1.3267 week’s low as the market stays contained in a trading range. On the larger picture, the main trend remains bullish.

USD/CAD 15-minute chart

Spot rate:                   1.3304

Relative change:        0.05%
 
High:                          1.3331
Low:                           1.3278

Trend:                         Bullish above 1.3250

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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