News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
USD/CAD Trying to Hold Up at Important 1.2830s

USD/CAD Trying to Hold Up at Important 1.2830s

Jamie Saettele, CMT, Sr. Technical Strategist


USD/CAD Trying to Hold Up at Important 1.2830s

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Today’s plunge negates recent evidence (key reversal and follow through, RSI divergence) that USD/CAD was basing for another move higher. The drop has extended below a well-defined horizontal level from the March 2015 high and October 2015 low at 1.2830. The next level of interest on the downside is probably the June 2015 high at 1.2560.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.