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Technical analysis

10.05.201816:14 Forex Analysis & Reviews: Technical analysis and trading recommendations for the USD / CAD currency pair as of May 10, 2018

Long-term review

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The currency pair USD / CAD still failed to overcome the psychological level of 1.3000, getting close to it, the quote slowed down the movement and the result unfolded. Now, we can already see how the quote sank by more than 200 points, leaving behind the impulse candles. It is possible to assume that the "bearish" interest is preserved, and the current value of 1.2775 is just a periodic value for stopping, and in the case of fixation below 1.2750, we will open the way to the level of 1.2660.

Key Levels

Resistance 1,3000 *: 1,3120

Support 1,2800; 1.2660

* Psychological level

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