USDCAD continues to consolidate and is trading closer to its recent highs as the pair holds on to its latest gains. The short-term outlook is bullish. Last week’s gains resulted in a break of trendline resistance drawn from the Oct-13 high. The trendline intersects at 1.3493 and represents support. Attention is on 1.3751 next, the Nov 4 high and 1.3808, the Nov 3 high. The latter is a key resistance and a break would strengthen bullish conditions.

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

Taso Anastasiou

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

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Holding On To Its Recent Gains