Daily Analysis of #USDCAD

Daily Analysis of #USDJPY
December 7, 2017
Daily Analysis of #EURUSD
December 12, 2017

Daily Analysis of #USDCAD

During the trading hours yesterday, the US dollar raised its value from 1.2688 CAD to 1.2788 CAD. This morning the currency pair is trading at 1.2811 CAD. According to the analysis of Forex Markex Signals, if US dollar breaks the resistance levels at 1.2845 – 1.2865 CAD, the aim will be reaching and testing the zone 1.2903 – 1.2913 CAD. If it is successful, the upward trend will continue to 1.2999 – 1.3019 CAD. If USD drops below the support levels at 1.2711 – 1.2691 CAD, it will try to find next support at 1.2605 – 1.2595 CAD. In case of breaking down, the downward trend will continue to 1.2557 – 1.2537 CAD.

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