Technical analytics

USD/CAD

USDCAD

Sellers still control the market. The pair opened on a weaker note and moved off 1.2800 in the night. The selling pressure increased in the morning and the spot accelerated its decline heading towards 1.2750.  The resistance stands at 1.2800, the support is at 1.2700.

The tendency is still negative and the nearest sellers' target remains the support level 1.2700.