TradingSig

USD/CAD, Daily Chart Analysis 6/30

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Implications and Outlook
1. The upside momentum has pushed the Loonie towards the Currency Rally completion of 1.33350.

2. Price action has created the value of the intermediate-term Key Resistance 1.33420, which in the interim caused prices to drop to Mean Support level 1.31390.

3. The violation of the intermediate-term Mean Support 1.31390 will undoubtedly bring serious of the short-term bearish implications towards Key Support of 1.29250 looming vividly below.

4. Current Currency Strategy Bias: Bearish 70 / Bullish 30

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