CAD Technical Outlook

Daily signals are encouraging from the USD-bullish perspective because, firstly, the slow stochastic oscillator suggests the USD sell off is over-extended and poised to turn higher. Secondly, the market has found solid support this week around the 76.4% retracement of the June/July rally. Finally, minor bear trend resistance in the mid 1.02s has been broken.

Read the full report

Powered by WPeMatico

This entry was posted in Forex. Bookmark the permalink.

Comments are closed.