USD/CAD broke above 1.2917 resistance and extended its upside movement from 1.2526 to as high as 1.2997. Further rise is still possible after a minor consolidation and next target would be at 1.3050 area. Near-term support is at 1.2870, a breakdown below this level would suggest that the upside movement is complete, then deeper decline to test 1.2803 support could be seen. Below here would aim 1.2600.
Related Posts
Sensex Pares Early Gains; Pharma Stocks Drag- The Fed Isn’t Doing What It Was Meant To, And Can’t Do Much Else
Silver Price Spikes, But What Demand – October 4, 2015- Wilshire 5000 Attempting To Accomplish Something Rare
US Session Bullet Report – GBP Takes Advantage Of US Holiday- Kiwi Slips On Surprise Rate Cute, Asian Stocks Gain
Leave A Comment