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.

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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