USD/CAD respects round levels

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Throughout this week, the USD/CAD currency pair has been respecting the resistance of the 1.3800 mark and a zone just above it. Meanwhile, support has been provided by the 1.3600 and 1.3650 levels.

A move above 1.3800 could encounter resistance in the 1.3850 level and the weekly R2 at 1.3858.

On the other hand, a decline below 1.3600 might find support in the 1.35550 level and the 200-hour simple moving average.
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