USDCAD moved sideways in a trading range

27 thg 3, 2017

USDCAD moved sideways in a trading range between 1.3264 and 1.3409. Resistance is at 1.3409, a break of this level will confirm that the downtrend from 1.3535 had completed at 1.3264 already, then the following upward movement could bring price to 1.3600 area. On the other side, a breakdown below 1.3264 support will indicate that the pair remains in downtrend from 1.3535, then further decline to 1.3000 area could be seen.