USD/CAD faces resistance around 1.3900, good to sell on rallies

FX:USDCAD   U.S. Dollar / Canadian Dollar
245 1 5
Major support -1.3847 (200 day MA)

The pair has made a low of 1.3835 and slightly recovered from that level. Short term trend is still bearish as long as resistance 1.3900 holds.

Any break above 1.3900 will take the pair to next level 1.3960/1.4000.

On the lower side any break below 1.38470 will drag the pair further down till 1.3806/1.3740

It is good to sell on rallies around 1.3860-65 with SL around 1.3905 for the TP of 1.3805/1.3740
Hesitant to buy CAD at all with the immense selling in oil
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out