![(14 AUGUST 2017)USD / CAD:Short-term bullish momentum continues. (14 AUGUST 2017)USD / CAD:Short-term bullish momentum continues.](https://c.mql5.com/6/783/splash-704935.jpg)
(14 AUGUST 2017)USD / CAD:Short-term bullish momentum continues.
14 August 2017, 13:49
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Short-term bullish momentum continues.
(Yann Quelenn )
• USD/CAD's short-term bullish momentum
continues. The road is wide open for further
increase. Hourly support is given at a distance at
1.2414 (27/07/2017 low). Expected to show
continued increase.
• In the longer term, the pair has broken longterm support that can be found at 1.2461
(16/03/2015 low) before bouncing back. Strong
resistance is given at 1.4690 (22/01/2016 high).
The pair should head further lower.