USD/CAD Technical Analysis: USD/CAD bulls en route to best daily close since mid-June

  • USD/CAD finally broke away from the 1.3120 -1.3155 trading range as USD/CAD surpassed the 1.3200 level. 
  • USD/CAD printed the best daily advance since mid-June, the next scaling points to the upside are seen near 1.3271 June 29 high and 1.3350 figure while support can be located near 1.3155 June 18 low and 1.3120 demand level.    


USD/CAD 15-minute chart 

Spot rate:                   1.3209
Relative change:        0.72% 
High:                          1.3216
Low:                           1.3063

Trend:                         Bullish
 
 
Resistance 1:            1.3271 June 29 high
Resistance 2:            1.3350 figure
Resistance 3:            1.3388, 2018 high
Resistance 4:            1.3543 June 9, 2017 swing high6

Support 1:                 1.3200 figure 
Support 2:                 1.3155 June 18 low   
Support 3:                 1.3120 demand level
Support 4:                 1.3066-1.3053 weekly low and June 5, swing high
Support 5:                 1.2974 May 9 high
Support 6:                 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.