Skype: Signal2forex / Whatsapp: +79065178835

No products in the cart.

The recovery of the US Dollar against the Canadian Dollar has reached a resistance zone. Namely, the previous low level zone at 1.2713/1.2730 kept the pair down from Thursday evening up to the middle of Friday.

A move above the resistance zone would most likely find resistance in the 200-hour SMA and the weekly S1 simple pivot point near 1.2750. Above the 1.2750 level, the weekly simple pivot point at 1.2803 might stop a recovery of the USD against the CAD.

However, a move down could look for support in the 50-hour SMA near 1.2675. Below the SMA, note the weekly S2 and S3 simple pivot points at 1.2662 and 1.2611.

Share this product!

Do you want to start trade profitably?
Earn 50-300% monthly!