USDCAD is facing 1.2413 support, a breakdown below this level could signal resumption of the downtrend from 1.3793, then next target would be at 1.2300, followed by 1.2050. Resistance is at 1.2778, only a break above this level will indicate that the downside movement from 1.3793 had completed at 1.2413 already, then the following upside movement could bring price back towards 1.3500.
Related Posts
Stocks Slump As Breakevens Tumble, VIX Jumps Above 16
Las Vegas Sands (LVS) Beat On Earnings, Missed On Revenue- Dow Jones Industrial Average Today Slides With AMZN Earnings, Q3 GDP On Tap
- USD/CAD: Towards 1.25 Or 1.30 By Year-End?; NAFTA Negotiations Key – BTMU
GOP Senate Has The Votes To Pass The Tax Cut- CNY, Not Imports
Leave A Comment