FX.co ★ Technical analysis and trading recommendations for the currency pair USDCAD on July 6, 2017

On the four-hour chart, an active downward movement can be observed where the quotation exceeded the psychological level of 1.3000 found below.

Moreover, in case the "bullish" potential was sustained and the quotation fixed firmly above the 1.3000 level, traders should be careful in taking long positions.

Key levels

Resistance - 1.3000;

Support - 1.2830;

Signals

- Buying of the pair is recommended the the the when the price set the WAS the the the the above the 1.3000 level with the Possibility of the the moving Towards the 1.3140 / 1.3200.

Selling of the pair is recommended when the price was set below the 1.2910 level with the possibility of moving towards 1.2830 / 1.2760.-

P ay the the Attention: Forecasts, ,, are not a direct guide to the the the action!

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