USDCAD Technical Analysis Report – 14-10-2018
Weekly Chart (1.3041)
As per weekly chart, we can notice that USDCAD remained range bound for the last few weeks with a slight downward trend and may remain same for the next few days and may take support at 1.2673 and 1.2603. Our expectation is still intact as per our previous USDCAD report. The currency pair can’t have a clear direction until unless there is a proper break out in one direction. Currently the currency pair is having major support at 1.2536 and important resistance at 1.3211 and 1.304. Breakout of these levels may trigger further movement in the same direction of breakout and we can expect the currency pair to have trending movement.
Major Support and Resistance:
Resistance: 1.3103, 1.3211, 1.3304, 1.3552, 1.3693, 1.3813, 1.3953, 1.4168, 1.4545
Support: 1.2986, 1.2960, 1.2895, 1.2817, 1.2673, 1.2527, 1.2441, 1.2039, 1.1212
Major Support and Resistance:
Resistance: 1.3103, 1.3211, 1.3304, 1.3552, 1.3693, 1.3813, 1.3953, 1.4168, 1.4545
Support: 1.2986, 1.2960, 1.2895, 1.2817, 1.2673, 1.2527, 1.2441, 1.2039, 1.1212