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Technical Analysis

Pairs:




22 January 2020
  • 07:19

    USD/CAD held above MA 200 H1

    Yesterday, the USD/CAD grew all day and managed to close the day in positive territory near the level of C$1.3070. This morning, the Canadian currency rose again in price and reached the mark of $1.3090. On the hourly chart, the USD/CAD yesterday tested for strength the support of the moving average MA (200) Н1 (С$1.3055), but remained above it. At the same time, on a four-hour chart, USD/CAD is still trading significantly lower than MA (200) H4 (C$1.3115).

    • Resistances levels are at: С$1.3090, С$1.3120, С$1.3155

    • Support levels are at: C$1.3050-55, C$1.3015-30, C$1.2975

    USD/CAD held above MA 200 H1 22.01.2020

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