- USD/CAD is spiking higher and reached the 1.3084 level as the USD is having a boost across the board and crude oil is having a pullback.
- However, USD/CAD is evolving in a tight trading range and new highs are more often than not supply levels.
USD/CAD 15-minute chart
Spot rate: 1.3072
Relative change: 0.65%
Trend: Neutral to bullish
Resistance 1: 1.3084 current week’s high
Resistance 2: 1.3130 current high of 2018
Resistance 3: 1.3200 figure
Support 1: 1.3020 former congestion zone
Support 2: 1.2947 current week’s low and 5-period daily SMA
Support 3: 1.2919 Last Friday’s low
Support 4: 1.2857 June 6 low
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