USD/CAD: US dollar looks for support at 1.32570

Denis Joeli Fatiaki Independent Analyst

The US dollar kicks off the first trading session of the week from around last week closing price at1.32570 support which holds a critical support line created from the beginning of August 2019.

The pair is still on an uptrend position following a price retracement from its previous highs at 1.133400; however, it needs to defend the current support level at 1.32570 to head back up.

The current price target to the upside is estimated at 1.32875 and 1.33400. Support is at around 1.32570, 1.32330, and 1.32075

Author

Denis Joeli Fatiaki

Independent Analyst

Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.

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