USD/CAD Technical Analysis: Greenback bulls challenging 1.3200 resistance
|- USD/CAD rejected the 1.3120-1.3155 trading range and is now challenging the 1.3200 figure. USD/CAD is also trying to break a major trendline on the daily chart.
- If buyers can overcome the 1.3200 resistance they should be able to reach higher targets near 1.3271 June 29 high and 1.3350 figure. Support is the notorious 1.3120-1.3155 area.
USD/CAD 15-minute chart
Spot rate: 1.3191
Relative change: 0.41%
High: 1.3196
Low: 1.3108
Trend: Bullish
Resistance 1: 1.3200 figure
Resistance 2: 1.3271 June 29 high
Resistance 3: 1.3350 figure
Resistance 4: 1.3388, 2018 high
Resistance 5: 1.3543 June 9, 2017 swing high6
Support 1: 1.3155 June 18 low
Support 2: 1.3120 demand level
Support 3: 1.3066-1.3053 last week’s low and June 5, swing high
Support 4: 1.2974 May 9 high
Support 5: 1.2900 figure
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