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- RES 4: 1.2973 1.500 2proj of Jun 1 - 21- 23 price swing
- RES 3: 1.2916 1.382 proj of Jun 1 - 21- 23 price swing
- RES 2: 1.2881 High Jan 28
- RES 1: 1.2846 1.236 proj of Jun 1 - 21- 23 price swing
- PRICE: 1.2775 @ 17:55 BST Jul 19
- SUP 1: 1.2605 Intraday low
- SUP 2: 1.2502/2428 Low Jul 15 / Low Jul 14
- SUP 3: 1.2303/2253 Low Jul 6 / Low Jun 23 and a key support
- SUP 4: 1.2157 Low Jun 16
USDCAD takes off! The pair last week breached resistance at 1.2590, Jul 8 high. The break confirmed a resumption of the uptrend. Monday's strong rally has reinforced the current bullish conditions and the extension of the uptrend that started Jun 1. The focus is on a move towards 1.2846 next, a Fibonacci projection and 1.2881, the Jan 28 high. Initial support is at 1.2605, Monday's intraday low.