Technical analytics

USD/CAD

USDCAD

The pair seemed lacking any firm directional bias on Monday. The upward momentum lost its legs after unsuccessful attack at 1.2600. The pair started a neutral phase in the Asian session and remained neutral-to-bearish in the late European one. The resistance is at 1.2600, the support stands 1.2550.

 

We assume that the USD/CAD pair will see little change in the upcoming sessions. The USD is likely to stay in the current range.

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