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USD/CAD Outlook (6th May 2019)

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
JinDao_Tai  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Forex macro technical trend USDCAD
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trendanalysis forex macro technical trend usdcad
  • USD/CAD moving towards resistance level

Price Movement
Since last Friday, USD/CAD moved down by around 55pips before moving back up by around 65pips.

Trend
Overall, USD/CAD is trending upwards.

Important Issue
None.

Technical
USD/CAD is moving towards the resistance level of 1.35000.

Price Levels
Current Price: 1.34736
Next Resistance: 1.35000
Next Support: 1.32900
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