USD CAD is under the pressure of downtrend
The USD CAD pair in the face of rising oil prices and negative sentiment on the US dollar continues to maintain a two-week downward channel. After the correction of the dollar, the pair reached significant resistance near the upper boundary of the downward channel.
Safe deals for sale should be considered below levels 1.3330-10.
Levels of support and goals are the marks: 1.3280 and 1.3260. Stop loss should be behind resistance levels: 1.3350 and 1.3370.
Read also: “Fundamental analysis: interest rate and its impact on the exchange rate”
Hanzenko Anton
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