- 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: