USD/CAD Technical Analysis: Pullback over
|- The USD/CAD pair has created a bull flag (bullish continuation pattern) on a 15-minute chart.
- An upside break of the bull flag would add credence to the bullish divergence of the relative strength index (RSI) seen in the hourly chart and would indicate the pullback from the June 27 high of 1.3386 is over.
15-minute chart
Hourly chart
Spot Rate: 1.3110
Daily High:.3117
Daily Low: 1.101
Trend: Bullish
R1: 1.3123 (100-hour MA)
R2: 1.3161 (resistance on hourly chart)
R3: 1.3169 (200-hour MA)
Support
S1: 1.3106 (50-hour MA)
S2: 1.3066 (recent low)
S3: 1.30 (psychological level)
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