USD/CAD increases further after breaking hourly resistances at 1.2716 (04/12/2017 high) and 1.2748 (24/11/2017 high), recovering from December downward pattern. New hourly resistance is given at 1.2796 (25/12/2017 high) while hourly support is maintained at 1.2466 (15/02/2018 low). The technical structure indicates that continued rise is expected in the short-term.
In the longer term, the pair is trading between resistance point at 1.3805 (05/05/2017 high) and support at 1.2128 (18/06/2015 low). Strong resistance is given at 1.4690 (22/01/2016 high). The pair is likely to head lower. The pairs is trading above its 200 DMA.
 and 1.2748 (24/11/2017 high), recovering from December downward pattern. New hourly resistance is given at 1.2796 (25/12/2017 high) while hourly support is maintained at 1.2466 (15/02/2018 low). The technical structure indicates that continued rise is expected in the short-term.){kind=link}