USD/CAD reveals resistance and support

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


The USD/CAD pair has encountered resistance in the 1.3800 level and support was provided by the 1.3650 level. In addition, the 1.3650 level was strengthened by the 50-hour simple moving average. Meanwhile, the rate was ignoring the weekly R1 simple pivot point at 1.3718.

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

On the other hand, a decline below 1.3650 might look for support in the 1.3600 mark and the 100-hour simple moving average.
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