USD/CAD Rejects Lower Prices With Eyes On 1.3400 Level

Forex Trades • Aug 20, 2019 at 1:44 PM EDT

USD/CAD rejects lower prices with eyes on 1.3400 level as it retains its medium-term uptrend. Support comes in at the 1.3300 level where a break will aim at the 1.3250 level.

USD//CAD rejects lower prices with eyes on 1.3400 level as it retains its medium-term uptrend. Support comes in at the 1.3300 level where a break will aim at the 1.3250 level. Further down, support comes in at the 1.3200 level where a turn lower may occur. Further down, support comes in at the 1.3150 level.

Conversely, resistance lies at the 1.3350 level where a violation will target the 1.3400 level. Further up, resistance resides at the 1.3450 level and then the 1.3500 level. All in all, USD/CAD looks to recover further higher medium term.

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