FX.co ★ Technical analysis and trading recommendations for the USD/CAD currency pair as of November 29, 2017

The USD/CAD currency pair reached the level of 1.2660 and accelerated, bounced back again to the periodic level of 1.2830. Currently, the price was seen forming two-digit candles within the level. Probably, there could be a temporary stagnation within 20 points, where the "bears" will try to return to the market and roll back the quotation to 1.2750.

Key Levels

Resistance - 1.2830 *; 1.2900

Support - 1.2660: 1.2570.

Signals

- It is recommended to buy the pair after a clear price fixation above 1.2840, with the possibility to move at 1.2900.

- Selling the pair is recommended at the price below 1.2800, with the possibility to move at 1.2750.

Attention: Predictions are not a direct guide to action!

* The presented market analysis is informative and does not constitute a guide to the transaction.