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USDCAD: Outlook Lower Towards 1.3446-24 Zone

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 25, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    USDCAD: The pair declined on Tuesday after triggering a corrective pullback leaving USDCAD outlook lower towards 1.3446/35 zone risk. On the downside, support lies at the 1.3250 level followed by the 1.3200 level. Further down, support stands at the 1.3150 level and then the 1.3100 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 1.3350 level where a break will target the 1.3400 level. Further out, resistance comes in at

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