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21 May 2014
USD/CAD bullish signals
FXStreet (Guatemala) - USD/CAD is trading at 1.0919, up 0.10% on the day, having posted a daily high at 1.0943 and low at 1.0892.
USD/CAD is firming up on a broadly stronger USD. USD/CAD, more broadly, as Shaun Osbourne, Chief FX Strategist at TD Securities notes, the topside break out from the narrowing consolidation range (bull wedge pattern) that has been developing over the past few months is inherently bullish and signals that the broader USD bull trend is trying to get back on track."
USD/CAD Levels
Spot is presently trading at 1.0920, and next resistance can be seen at 1.0923 (Daily 20 SMA), 1.0930 (Daily Classic R1), 1.0943 (Daily High), 1.0949 (Daily Classic R2) and 1.0958 (Weekly Classic R2). Next support to the downside can be found at 1.0918 (Yesterday's High), 1.0916 (Hourly 20 EMA), 1.0910 (Weekly High), 1.0909 (Weekly Classic R1) and 1.0907 (Daily Open).
USD/CAD is firming up on a broadly stronger USD. USD/CAD, more broadly, as Shaun Osbourne, Chief FX Strategist at TD Securities notes, the topside break out from the narrowing consolidation range (bull wedge pattern) that has been developing over the past few months is inherently bullish and signals that the broader USD bull trend is trying to get back on track."
USD/CAD Levels
Spot is presently trading at 1.0920, and next resistance can be seen at 1.0923 (Daily 20 SMA), 1.0930 (Daily Classic R1), 1.0943 (Daily High), 1.0949 (Daily Classic R2) and 1.0958 (Weekly Classic R2). Next support to the downside can be found at 1.0918 (Yesterday's High), 1.0916 (Hourly 20 EMA), 1.0910 (Weekly High), 1.0909 (Weekly Classic R1) and 1.0907 (Daily Open).