USDCAD: Remains Vulnerable On Correction.
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
USDCAD: The pair remains on the defensive having continued to maintain a downside tone following its corrective weakness. Further down, support comes in at the 1.0350 level and then the 1.0250 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, to end its weakness, it will have to return to the 1.0608 level. A cut through here will pave the way for a move higher towards the 1.0650 level with a loss of here turning focus to the 1.0700 level. All in all, USDCAD remains under pressure on corrective pullback.