Technicals: USDCAD In Conflict With Long-Term Trend

  • Resistance: 1.0780
  • Support: 1.0620
  • The USDCAD appreciated today, continuing to carve its way through an almost three-week old trend channel. Tomorrow, watch for trading around 1.0780 as the pair is due to hit the resistance and possibly start its decent.
  • The intraday trend channel which is guiding USDCAD higher is now coming into conflict with the bigger downward slopping trend line. The long-term direction of the pair may be hanging in the balance.

See Daily Technicals for more details:
http://www.dailyfx.com/story/dailyfx_reports/daily_technicals/British_Pound_and_Kiwi_at_1182168713222.html