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USD/CAD Outlook (7th February 2019)

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
JinDao_Tai  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Forex macro technical trend USDCAD
1
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trendanalysis forex macro technical trend usdcad
  • USD/CAD broke resistance

Price Movement
Since 1st February, USD/CAD had moved up by around 90pips.

Trend
Overall, USD/CAD is trending downwards.

Macro Background
No major economic data release.

Important Issue
None.

Technical
USD/CAD broke the resistance level of 1.32108.

Price Levels
Current Price: 1.32405
Next Resistance: 1.33570
Next Support: 1.32108
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