FX.co ★ Technical analysis and trading recommendations for the USD/CAD currency pair as of September 21, 2017

As predicted earlier, the USD/CAD currency pair still managed to get closer to the resistance level of 1.2400. Although to a greater extent, this merit was because of the speech yesterday by Janet Yellen. Currently, the quotation is progressing close to the value of 1.2350 without reducing the ascending interest. It can be assumed that the "bulls" will probably manage to reach the level of 1.2400 without touching the shadow and further decline towards 1.2430 / 1.2400.

Key Levels

Resistance - 1,2400; 1,2550; 1,2700

Support - 1,2200; 1.2000; 1.1820.

It is recommended to buy the pair at a price higher than 1.2360, with the prospect of a move towards 1.2400 / 1.2430.

It is recommended to sell the pair after the resumption of the "bearish" interest, probably near the level of 1.2400.

Draw your attention: Predictions are not a direct guide to action!