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Special Focus On USDCAD

From fxtechstrategy.com

USDCAD: Rolls Over, Eyes The 1.0857 Level. USDCAD: With the pair selling off strongly during Tuesday trading session, further weakness is now envisaged in the days ahead. Support lies at the 1.0857 level with a break if seen targeting the 1.0800 level followed by the 1.0750 level. Below here will create scope for further downside towards the 1.0700 level where a breach will push it lower towards the 1.0650 level and then the 1.0600 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, resistance resides at the 1.0935 level where a reversal of roles as support is likely to occur and turn ... (full story)

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