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Forex technical analysis: USDCAD rebounds off support trend line

Discussion in 'Technical Analysis' started by ForexLive, Mar 2, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Overhead resistance looms The USDCAD has rebounded off of trend line support that held late yesterday. Looking at the hourly chart, the pair has climbed toward a close trend line at the 1.3498 level. The 100 hour MA comes in at 1.3510. Traders will need to see a break above (and stay above) to shake some of the bearish cobwebs off the pair.

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