Trial now
POLAND

Split Board at The NBP

CROSS ASSET

USD and Treasuries

FOREX

Exchange traded AUDUSD option

Fresh Trend Low

USDCAD TECHS
  • RES 4: 1.2864 50-day EMA
  • RES 3: 1.2835 High Nov 11
  • RES 2: 1.2792 High Jan 12
  • RES 1: 1.2765 High Jan 15
  • PRICE: 1.2739 @ 16:27 GMT Jan 15
  • SUP 1: 1.2625 Low Jan 14
  • SUP 2: 1.2603 1.236 proj of Oct 29 - Nov 9 downleg from Nov 13 high
  • SUP 3: 1.2586 Low Apr 19, 2018
  • SUP 4: 1.2536 1.382 proj of Oct 29 - Nov 9 downleg from Nov 13 high

USDCAD rallied throughout the Friday session, bouncing off a fresh trend low of 1.2625. The underlying downtrend remains in place with the focus on 1.2603 next, a Fibonacci projection. Moving average studies remain in a bear mode reinforcing current trending conditions. On the upside, initial resistance is seen at 1.2792, the high from Jan12. Key resistance though is located at 1.2835, Nov 11 high.