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Fresh Trend High

USDCAD TECHS
  • RES 4: 1.3716 High Jun 26 2020
  • RES 3: 1.3702 2.382 proj of the Aug 25 - Sep 7 - 13 price swing
  • RES 2: 1.3651 61.8% retracement of the 2020 - 2021 bear leg
  • RES 1: 1.3638 Intraday high
  • PRICE: 1.3593 @ 10:09 BST Sep 26
  • SUP 1: 1.3468/3358 Low Sep 23 / 21
  • SUP 2: 1.3232 20-day EMA
  • SUP 3: 1.3079 50-day EMA
  • SUP 4: 1.2954 Low Sep 13

USDCAD maintains a clear bullish tone and the pair has traded higher again today. The extension reinforces bullish conditions and maintains the positive price sequence of higher highs and higher lows. Moving average studies are in a bull mode position, highlighting current market sentiment. Sights are set on 1.3651 next, a Fibonacci retracement. On the downside, initial firm support is at 1.3232, the 20-day EMA.

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