- USD/CAD is reintegrating last week’s tight trading range between 1.3120 and 13155 after USD/CAD broke above 1.3155 and tested the 1.3170 level earlier in the European session.
- USD/CAD is now attempting to find support at the 200-period simple moving average, the bullish trendline and the 1.3120 level.
- The Bank of Canada Interest Rate Decision is scheduled for 14:00 GMT. The event usually leads to lots of volatility.
USD/CAD 15-minute chart
Spot rate: 1.3135
Relative change: 0.16%
Resistance 1: 1.3155 June 18 low
Resistance 2: 1.3200 figure
Resistance 3: 1.3271 June 29 high
Resistance 4: 1.3350 figure
Resistance 5: 1.3388, 2018 high
Resistance 6: 1.3543 June 9, 2017 swing high
Support 1: 1.3120 demand level
Support 2: 1.3053 June 5, swing high
Support 3: 1.2974 May 9 high
Support 4: 1.2900 figure
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.