USD/CAD limited to overbought

The USD/CAD pair  received a significant support against the background of the publication of employment data in the United States and Canada. As a result, it consolidated above 1.3100, thereby slowing down the two-week downtrend.

It is worth considering deals for sale in the conditions of the pair returning to the downtrend on correction and consolidation below the zone 1.3100-1.3080.

The goals are located at support levels 1.3030 and 1.3000. The resistance levels are the marks: 1.3110 and 1.3130.

Read also: “Prospects for the oil market. What to expect”

Hanzenko Anton

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