Strong buying pressures.
• USD/CAD has broken key resistance given at
1.3599 (28/12/206 high). The pair keeps on
pushing higher. Hourly support can be found at
1.3411 (24/04/2017 high) then 1.3353 (20/01/2017
high). Expected to show continued bullish
pressures as long as the pair remains above
1.3411.
• In the longer term, there is a golden cross with
the 50 dma crossing the 200 dma indicating
further upside pressures. Strong resistance is
given at 1.4690 (22/01/2016 high). Long-term
support can be found at 1.2461 (16/03/2015 low).
(By Yann Quelenn )
