Skip to content
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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
USD/CAD – Next Level Looks Like Mid-1.2800s

USD/CAD – Next Level Looks Like Mid-1.2800s

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/CAD – Next Level Looks Like Mid-1.2800s

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“Top for the move was 1.3388, just above the 61.8% of the drop from 12/28. Today’s low is at the 200 day average. USD/CAD is stuck between 2 big technical levels. Ideally, a break of one of these levels will lead to a directional move.” Loonie has broken below the 200 day and near term focus is on the mid-1.2800s (well-defined horizontal level for several years).

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

DISCLOSURES