USD/CAD retains a potential for decline - Ester Holdings

USD/CAD retains a potential for decline

After a moderate correction on Tuesday the USD/CAD pair approached a significant resistance 1.3120-30, which corresponds to the upper limit of the downward channel.

In the conditions of rebound and return below the zone 1.3080-70, a downtrend is expected to resume.

A significant support is located at levels: 1.3030 and 1.3000. Resistance levels are located at 1.3100 and 1.3130.

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Hanzenko Anton

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