Market Overview

USD/CAD Technicals – 0.9975/0.9985 Resistance Holding

USD/CAD Technicals – 0.9975/0.9985 Resistance Holding

Hourly Chart

Price trades firmly below parity after breaking below on 19th Nov. Recent rally touched yesterday's High of 0.999 and fell back immediately. Currently trading between resistance of 0.9975 – 0.9985, with a break below opening up 0.9955 of Yesterday's Low which is close to today's L3 level.


Get OANDA's exclusive weekly Market Pulse FX

Email Address: Preferred Format:

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: News Forex Global Markets Trading Ideas


Related Articles

View Comments and Join the Discussion!