Sponsors

USDCAD Weekly Analysis - August 21, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 21 August 2016 13:09 UTC
USDCAD broke below the bottom of the price channel on daily chart, indicating that the downtrend from 1.4689 has resumed. Further decline could be expected over the next several weeks, and next target would be at 1.1500 area. Resistance levels are at 1.3000 and 1.3252, only break above these levels could trigger another rise towards 1.3700.

usdcad chart

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.