24 Jun 2013
USD/CAD eases off session highs
FXstreet.com (New York) - The USD/CAD foreign exchange rate has eased off its daily highs (1.0541) recently during European trading Monday.
USD/CAD previous resistance proves too much to summit
Following the recent pullback, the USD/CAD is still entrenched in positive territory, albeit at 1.0514, now up only +0.34%. The Mataf.net analyst team calculates resistances ahead at 1.0526, then 1.0569, and ultimately 1.0651. A prolonged easing and eventual turn into negative territory will cause the pair to touch supports at 1.0401 and 1.0319.
USD/CAD victim of its own success?
According to the Technical Analyst Team at ICN.com, “The USD/CAD rose sharply last week approaching key resistance level of the ascending channel. A resistance level residing at 1.0530 might trigger some bearish correction as a normal trading within the channel.”
USD/CAD previous resistance proves too much to summit
Following the recent pullback, the USD/CAD is still entrenched in positive territory, albeit at 1.0514, now up only +0.34%. The Mataf.net analyst team calculates resistances ahead at 1.0526, then 1.0569, and ultimately 1.0651. A prolonged easing and eventual turn into negative territory will cause the pair to touch supports at 1.0401 and 1.0319.
USD/CAD victim of its own success?
According to the Technical Analyst Team at ICN.com, “The USD/CAD rose sharply last week approaching key resistance level of the ascending channel. A resistance level residing at 1.0530 might trigger some bearish correction as a normal trading within the channel.”