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Strong Friday Close

USDCAD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 1.3808 High Nov 34
  • RES 3: 1.3795 2.0% 10-dma envelope
  • RES 2: 1.3705 Dec 16 and the bull trigger
  • RES 1: 1.3665 High Feb 24
  • PRICE: 1.3508 @ 16:29 GMT Mar 3
  • SUP 1: 1.3515 Low Feb 22
  • SUP 2: 1.3476 50-day EMA
  • SUP 3: 1.3400 Round number support
  • SUP 4: 1.3358 Low Feb 16

USDCAD bulls remain in the driver’s seat for now and short-term pullbacks are considered corrective, Sights are on the key near-term resistance at 1.3705, Dec 16 high. A clear break of this hurdle would strengthen bullish conditions and clear the way for a test of the 1.3800 handle. The support to watch lies at the 50-day EMA. It intersects at 1.3476 and a clear break would be seen as a short-term bearish development.

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  • RES 4: 1.3808 High Nov 34
  • RES 3: 1.3795 2.0% 10-dma envelope
  • RES 2: 1.3705 Dec 16 and the bull trigger
  • RES 1: 1.3665 High Feb 24
  • PRICE: 1.3508 @ 16:29 GMT Mar 3
  • SUP 1: 1.3515 Low Feb 22
  • SUP 2: 1.3476 50-day EMA
  • SUP 3: 1.3400 Round number support
  • SUP 4: 1.3358 Low Feb 16

USDCAD bulls remain in the driver’s seat for now and short-term pullbacks are considered corrective, Sights are on the key near-term resistance at 1.3705, Dec 16 high. A clear break of this hurdle would strengthen bullish conditions and clear the way for a test of the 1.3800 handle. The support to watch lies at the 50-day EMA. It intersects at 1.3476 and a clear break would be seen as a short-term bearish development.