Canadian Dollar is the strongest major currency against US Dollar. USDCAD just broke its Down Trend Line.
In short term view, USDCAD rebound or consolidate in 1.2360-1.2900 area.
Break and hold above 1.2900 open the way to:
1. 1.3000
1. 1.3240
3. 1.3300
1.3780 is its strongest Resistance and while below this level: its medium term outlook still bearish.
Break and below 1.2360 would RESUME its bearish medium term view.
In short term view, USDCAD rebound or consolidate in 1.2360-1.2900 area.
Break and hold above 1.2900 open the way to:
1. 1.3000
1. 1.3240
3. 1.3300
1.3780 is its strongest Resistance and while below this level: its medium term outlook still bearish.
Break and below 1.2360 would RESUME its bearish medium term view.