USDCAD broader bias remains higher towards 1.3383 zone. Support lies at the 1.3300 level where a violation will aim at the 1.3250 level. Further down, support comes in at the 1.3200 level where a break lower may occur. This if seen will trigger further weakness towards the 1.3150 level. Conversely, resistance stands at the 1.3350 level where a break will target the 1.3400 level. Further up, resistance resides at the 1.3450 level and then the 1.3500 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, USDCAD looks to strengthen further.USDCAD broader bias remains higher towards 1.3383 zone. Click To Tweet
Get More Power Over Your Trading With Less Hassle
FXTechstrategy delivers powerful buy/sell trade ideas with stop losses, price targets and super-easy analysis to help you improve your results
GET MORE POWER OVER YOUR TRADING WITH LESS HASSLE
The Award-Winning Analysis Solution for Forex & Commoditidy Traders
Your trading, made easier
Get 15+ super-easy trade ideas with powerful daily analysis and easy-to-understand strategy eBook
Stay on top of every move with price action to help you make easier, faster, and more accurate trading decisions.
Whether your strategy is for day trading or swing trading FXTechstrategy analysis fits in seamlessly with no hassles.