USDCAD is forming a short term cycle top at 1.0198 level. Sideways consolidation is expected in a couple of days. Near term resistance is at 1.0198, a break of the level will signal the resumption of the up trend. Near term support is at the up trend line from 0.9920 to 1.0021, key support is at 1.0021, only break of this level will signal the reversal to the up trend.
Join the Discussion