USDCAD Chart Technical Outlook

USD/CAD has room for 1.3530 ahead of data from the US and Canada
USD/CAD found support around 1.3500, the 50% Fibo retracement level. It has room to increase to 1.3530, supported by a hawkish Fed and temporarily falling Oil prices.
Eyes on today’s events, Canadian Retail sales, and US Manufacturing and Services PMI data.
Resistances: 1.3530, 1.3690
Supports: 1.3415, 1.3300

We will be happy to hear your thoughts

      Leave a reply

      Compare items
      • Total (0)