USDCAD continued its sideways movement in a trading range between 1.2803 and 1.2913.
As long as 1.2803 support holds, the upside movement from 1.2526 could be expected to continue and a breakout of 1.2913 resistance could take price to next resistance level at 1.3000. On the downside, a breakdown below 1.2803 support would suggest that the upside movement had completed at 1.2913 already, then the following corrective pullback could take the price to 1.2600 area.





Comments
Log in or sign up to join the conversation.