- USD/CAD is trading up for the fourth day in a row, it is currently trying to breakout above 1.3300 in order to potentially reach the 1.3350 June 21, 2017 swing high which can be the next target to the upside.
- USD/CAD broke out from a wedge formation on the daily chart suggesting that the bulls are in control.
- USD/CAD is grinding higher on Wednesday as the Loonie is trading at 11-month’s high.
USD/CAD 15-minute chart
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Spot rate: 1.3299
Relative change: 0.1%
High: 1.3312
Low: 1.3266
Trend: Bullish
Resistance 1: 1.3312, current weekly high
Resistance 2: 1.3350 June 21, 2017 swing high
Resistance 3: 1.3543 June 9, 2017 swing high
Support 1: 1.3266 current Wednesday’s low
Support 2: 1.3200 figure
Support 3: 1.3155 former supply/demand level
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