USD/CAD Technical Analysis: Greenback out of ammunition leaves USD/CAD exposed to downside
|- USD/CAD most likely made a last desperate attempt to break above 1.3350 June 21, 2017 swing high as bears squashed bull’s expectations.
- USD/CAD bears will probably try to break below 1.3266 Wednesday’s low in order to drive Loonie towards the 1.3200 level in the coming sessions.
USD/CAD 15-minute chart
Spot rate: 1.3311
Relative change: -0.27%
High: 1.3277
Low: 1.3260
Trend: Bearish
Resistance 1: 1.3350 June 21, 2017 swing high
Resistance 2: 1.3383, current week's high
Resistance 3: 1.3543 June 9, 2017 swing high
Support 1: 1.3266 Wednesday’s low
Support 2: 1.3200 figure
Support 3: 1.3155 former supply/demand level
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