Technical analytics

USD/CAD

USDCAD

The US dollar accelerated its upside last week. The major jumped to 1.3050 first and then advanced up to 1.3100. Buyers lost control over there and the currency pair slightly eased towards 1.3050. The resistance is at 1.3100, the support stands 1.3050.

Buyers might want to book some profits before growing further. The USD/CAD pair may decline to 1.3000 now. Anyway, the main trend is up and we expect a move to 1.3150 in the coming days.

 

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