The pullback from 1.2800 has given way to a sharp break lower, with 
USDCAD now pressuring critical support at the 1.2625/30 weekly lows from 6-14 January.
Intraday studies are oversold, highlighting scope for short-term consolidation around here, but daily readings have ticked down, pointing to further losses in the coming sessions. A close beneath here will turn sentiment outright Negative, and extend broad March 2020 losses towards the 1.2527 low of April 2018.
Meanwhile, resistance is at 1.2700.
An unexpected close above here would delay downside development and put prices into cautious consolidation, capped by 1.2800.
USDCAD now pressuring critical support at the 1.2625/30 weekly lows from 6-14 January.Intraday studies are oversold, highlighting scope for short-term consolidation around here, but daily readings have ticked down, pointing to further losses in the coming sessions. A close beneath here will turn sentiment outright Negative, and extend broad March 2020 losses towards the 1.2527 low of April 2018.
Meanwhile, resistance is at 1.2700.
An unexpected close above here would delay downside development and put prices into cautious consolidation, capped by 1.2800.
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We are an award winning independent research firm, covering Macroeconomics, Policy and Financial Markets. Our Technical Analysis coverage spans 40 FX pairs across developed and emerging markets. Register for a free trial at continuumeconomics.com
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。