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Technical analysis

25.04.201813:29 Forex Analysis & Reviews: Technical analysis and trading recommendations for the USD / CAD currency pair as of April 25, 2018

Long-term review

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The USD/CAD pair shows an intensive growth, giving us more than 300 points in seven days. Now we can see the effect of a small rollback in the form of the "Flag" graphic model as buyers returned to the market again and came in close to the recent local maximum of 1.2859. It is likely for the upward interest to continue and after fixing the price above 1.2859. It will open the way to the periodic level of 1.2920.

Key Levels

Resistance - 1,2920 *; 1.3000; 1,3110 *; 1.3200.

Support for 1.2770 *: 1.2660.

* Periodic level

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