USDCAD: With USDCAD seen taking back its intra day gains during Monday trading session, risk of more weakness is now envisaged. Resistance resides at the 1.3212 level where a break will target the 1.3250 level. Further out, resistance comes in at the 1.3300 level where a turn lower may occur. But if further recovery is triggered resistance comes in at the 1.3350 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the downside, support lies at the 1.3150 level followed by the 1.3000 level. Further down, support resides at the 1.2950 level and then the 1.2900 level. All in all, USDCAD remains biased to the downside below its key support at 1.3352 level.
Search
New Posts
The Most Expensive Coastal Tourist Areas of Spain to Buy or Rent a Holiday Home
How Hoka and On gave Nike an opportunity to make money
‘Don’t grow old’: meet Britain’s incredible Olympic skateboarding trio aged between 15 and 50
Nvidia Shares Bounce Back: A Market Resurgence
Transforming How Agents Work the Phones Using AI Call Assistants
Leave A Comment