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Daily USD CAD Technical Analysis 24th November, 2016

Daily USD CAD Technical Analysis 24th November, 2016

USD CAD Technical Analysis 24th November, 2016

Technical Analysis Overview

Prev. Close      1.3491
Open               1.3491
Day’s Range   1.3485 – 1.3522
52 wk Range   1.2458 – 1.4692
1-Year Return 1.57%

Technical Support and Resistance

Daily USD CAD Technical analysis shows USD/CAD pair may find the immediate support at 1.3479. If, market breaks the first support then it will go for the following support to test. Following supports are 1.3470 and 1.3461. On the other side the market has immediate resistance 1.3497. If, market breaks the primary resistance level then, market will go for the new resistance level 1.3506 and 1.3515.

Expected trading range for today is between 1.3485 supports and 1.3522 resistance.

Looking ahead to today, there is not much economic news from the US or Canadian region and so we can expect some more consolidation with a bullish bias for the rest of the day.