FX.co ★ Technical analysis and trading recommendations for the USD/CAD currency pair as of September 19, 2017

After almost a week of stagnation within the level of 1.2200, the currency pair USD/CAD still managed to escape, forming a pulse candle. Now, the quotation is already developing near the value of 1.2300, without reducing the "bullish" interest. It is possible to assume a further upward movement down to the main resistance level of 1.2400, where one can expect a slowdown (1.2380 / 1.2450) followed by a pullback.

Key levels

Resistance - 1.2200; 1.2400; 1.2700.

Support - 1,2000; 1.1820.

- It is recommended to buy a pair at a price higher than 1.2340, with the prospect of a move to 1.2400 / 1.2450.

- It is recommended to sell the pair after the resumption of the "bear" interest, probably near the level of 1,2400, (after a clear stagnation or working off).

Attention: Forecasts are not a direct guide to action!