USDCAD: Though seen hesitating, the pair still faces corrective pullback threats. On the upside, resistance is seen at the 1.1672 level followed by the 1.1700 level. Further out, resistance comes in at the 1.1750 level where a turn lower may occur. But if further recovery is triggered resistance comes in at the 1.1800 level. On the downside, support lies at the 1.1550 level followed by the 1.1500 level where a reversal of roles as support is envisaged. Further out, resistance resides at the 1.1450 level and then the 1.1400 level. All in all, USDCAD continues to face its long term uptrend.
USDCAD: Though seen hesitating, the pair still faces corrective pullback threats. On the upside, resistance is seen at the 1.1672 level followed by the 1.1700 level. Further out, resistance comes in at the 1.1750 level where a turn lower may occur. But if further recovery is triggered resistance comes in at the 1.1800 level. On the downside, support lies at the 1.1550 level followed by the 1.1500 level where a reversal of roles as support is envisaged. Further out, resistance resides at the 1.1450 level and then the 1.1400 level. All in all, USDCAD continues to face its long term uptrend.
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