USDCAD Daily Analysis – Friday, August 10

By Staff of ForexCycle

Friday, August 10, 2018 5:30 AM EDT

USDCAD is now in the downtrend from 1.3119. Further decline could be expected and a breakdown below 1.2961 support could take the price into 1.2850 zone.

Resistance is at 1.3119, only a break of this level could bring the price back towards 1.3200.

USDCAD 4-hour chart

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.