Canadian Dollar Outlook: USD/CAD Exhaustion at Technical Resistance

canadian dollar outlook usd cad exhaustion at technical resistance

Sumary of Canadian Dollar Outlook: USD/CAD Exhaustion at Technical Resistance:

  • Canadian Dollar Technical Price Outlook: Near-term Trade LevelsCanadian Dollar updated technical trade levels – Daily &
  • Intraday ChartsUSD/CAD rally signals exhaustion into uptrend resistance- risk for correctionResistance 1.2713/32 – Support ~1.25, bullish invalidation 1.2365 The Canadian Dollar is poised to snap a three week losing streak against the US Dollar after USD/CAD reversed sharply off technical resistance early in the week.
  • These are the updated targets and invalidation levels that matter on the USD/CAD price charts into the close of the week.
  • Review my latest Strategy Webinar for an in-depth breakdown of this Loonie technical setup and more.
  • Canadian Dollar Price Chart – USD/CAD DailyChart Prepared by Michael Boutros, Technical Strategist;
  • USD/CAD on TradingviewTechnical Outlook: In my last Canadian Dollar Price Outlook we noted a constructive bias in USD/CAD while above the monthly open with resistance objectives eyed, “at the April high at 1.2654 and the 2021 yearly open / 100% Fibonacci extension at 1.2713/32 (key)- an area of interest for possible topside exhaustion IF reached.

Want to know more click here go to source.

From -

Generic selectors
Exact matches only
Search in title
Search in content

Site Language

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.