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  • As it was widely expected the Bank of Canada raises policy rate to 1.5%. USD/CAD lost about 60 pips in a knee-jerk reaction.
  • USD/CAD is now trading down towards the 1.3066-1.3053 area, the weekly low and June 5, swing high.

USD/CAD 15-minute chart  

Spot rate:                   1.3074
Relative change:        -0.32%  
High:                          1.3176
Low:                           1.3071

Trend:                         Neutral

Resistance 1:            1.3120 demand level
Resistance 2:            1.3155 June 18 low            
Resistance 3:            1.3200 figure  
Resistance 4:            1.3271 June 29 high
Resistance 5:            1.3350 figure
Resistance 6:            1.3388, 2018 high
Resistance 7:            1.3543 June 9, 2017 swing high

Support 1:                 1.3120 demand level
Support 2:                 1.3066-1.3053 weekly low and June 5, swing high
Support 3:                 1.2974 May 9 high
Support 4:                 1.2900 figure