On the other hand, as soon as bulls can get a break above 1.2880 then we might expect a climb to 1.31.
First support remains 1.2800 while first resistance is seen at 1.2875.
Chart: USD/CAD D1
Tuesday, June 14, 2016
USD/CAD New Gains
USD/CAD posted new gains in today's session. The US Advance Retail Sales turned out to be a non-event and could not create any unexpected and volatile moves. The pair sustained its main bullish course and reached a high of 1.2860. Main trend on the short-term remains bullish. A slight correction might be expected that could bring the pair down to 1.28.
On the other hand, as soon as bulls can get a break above 1.2880 then we might expect a climb to 1.31.
First support remains 1.2800 while first resistance is seen at 1.2875.
Chart: USD/CAD D1
On the other hand, as soon as bulls can get a break above 1.2880 then we might expect a climb to 1.31.
First support remains 1.2800 while first resistance is seen at 1.2875.
Chart: USD/CAD D1
Subscribe to:
Post Comments (Atom)
I think it will bounce off 1.2875.
ReplyDeleteAs always, very detailed analysis.
ReplyDeleteThe move to the upside continues for now.
ReplyDeleteBullish trend seems strong.
ReplyDeleteVery accurate assessment, bulls conquered 1.30 level.
ReplyDelete