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 Still at Support…Still Doing Nothing

USD/CAD Still at Support…Still Doing Nothing

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/CAD Still at Support…Still Doing Nothing

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-USD/CAD continues to sport lower wicks at support…in other words it’s not doing much. The support I’m referencing is “the long term parallel that provided support for lows throughout 2016.” If it ever gets off the floor, then be aware of 1.3260/80 for resistance. If it dumps then watch 1.2895 (61.8% of rally from 2016 low).

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

DISCLOSURES