XtreamForex

Daily USD CAD Technical Analysis 25th November, 2016

USD CAD Technical Analysis 25th November, 2016

USD CAD Technical Analysis 25th November, 2016

Technical Analysis Overview

Prev. Close 1.3491
Open 1.3491
Day’s Range 1.3481 – 1.3515
52 wk Range 1.2458 – 1.4692
1-Year Return +1.61%

Technical Support and Resistance

Daily USD CAD Technical analysis shows USD/CAD pair may find the immediate support at 1.3462. If, market breaks the first support then it will go for the following support to test. Following supports are 1.3433 and 1.3394. On the other side the market has immediate resistance 1.3530. If, market breaks the primary resistance level then, market will go for the new resistance level 1.3569 and 1.3598.

Expected trading range for today is between 1.3481 supports and 1.3515 resistance.

Along with technical analysis following economic event is very important to analyze the financial market properly.

Upcoming Important Economic News: (GMT +3)

1. Goods Trade Balance
2. Prelim Wholesale Inventories m/m
3. Flash Services PMI