- USD/CAD has found support at 1.3155 support after the currency pair pulled back from its daily high.
- USD/CAD bias is quite bullish, especially if the market stays above the 1.3120-1.3155 area. The momentum is not particularly strong but remains healthy as USD/CAD trades above its 200-period simple moving average.
- USD/CAD bulls next objective is to breakout above the descending trendline and the 1.3200 resistance to then target 1.3271 June 29 high.
USD/CAD 15-minute chart
Spot rate: 1.3167
Relative change: -0.31%
Resistance 1: 1.3200 figure
Resistance 2: 1.3271 June 29 high
Resistance 3: 1.3350 figure
Resistance 4: 1.3388, 2018 high
Resistance 5: 1.3543 June 9, 2017 swing high6
Support 1: 1.3155 June 18 low
Support 2: 1.3120 demand level
Support 3: 1.3066-1.3053 weekly low and June 5, swing high
Support 4: 1.2974 May 9 high
Support 5: 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 assets. 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 Open Markets 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.