Dukascopy Bank Team
Dukascopy Bank SA
USDCAD
The US Dollar appreciated about 78 base points against the Canadian Dollar on Thursday. The surged was stopped by a resistance level formed by the 200-hour simple moving average at 1.3238.
As for the near future, it is likely that the currency exchange rate will edge lower towards a support level at 1.3182.
A potential upside movement could be expected from the support level as mentioned above.
However, technical indicators demonstrate that the USD/CAD exchange rate will end this week's trading session with a decline.
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
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