USDCAD TECHS: Fresh YTD High
- RES 4: 1.3300 High Nov 4 2020
- RES 3: 1.3247 2.0% 10-dma envelope
- RES 2: 1.3224 High Jul 14
- RES 1: 1.3166 3.0% Upper Bollinger Band
- PRICE: 1.3029 @ 16:43 BST Jul 15
- SUP 1: 1.2936/32 Low Jul 8
- SUP 2: 1.2868 50-day EMA
- SUP 3: 1.2819 Low Jun 28 and key support
- SUP 4: 1.2763 Low Jun 13
USDCAD surged Thursday and in the process confirmed a clear break of resistance at 1.3084, the Jul 5 high. The break confirms a resumption of the primary uptrend, paving the way for gains towards a vol band based resistance of 1.3247 and the 1.3300 handle further out. Moving average studies remain a bull mode condition, reinforcing the current positive outlook. Key support has been defined at 1.2936, the Jul 8 low.
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- Livestream here: https://www.youtube.com/watch?v=psCLOniagCI&featur...
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