USD/CAD Techincal Analysis

USD/CAD’s is still bouncing off its current July low at 1.0622 which was made within the 1.0631/1.0568 support zone (2012-14 uptrend line, 61.8% Fibonacci retracement and the July and August 2013 highs).

A rise towards the five month resistance line, 200- and 55- day moving averages and the May lows at 1.0769/1.0821 is still expected to ensue. There it may well struggle, though.

 

 

 

 

 

 

 

 

 

 

 

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