Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

USD/CAD is trading near daily ichimoku cloud top (1.2414), decline till 1.2350 is expected

  • RES 4: 1.2635

  • RES 3: 1.2582 (200 day Hourly  EMA)         
  • RES 2: 1.2520

  • RES 1: 1.2474 (Kijun-Sen)  

      PRICE: 1.2424  @11:23 GMT 

  • SUP 1: 1.2400

  • SUP 2: 1.2380

  • SUP 3: 1.2350 (Feb 3rd Low)

  • SUP 4: 1.23000

Commentary

USD/CAD is trading around 1.2427 and major support is around 1.2350 any break below that level will drag the pair further down till 1.2300/1.2200 (50% retracement of 1.1565 and 1.2835).

On the upside intraday bullishness can be seen only above 1.2490. It is good to sell on rallies around 1.2440 for the target of 1.2360 .

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.