USDCAD on Monday dropped -0.62% to 1.36590. What we know.

USDCAD on Monday dropped -0.62% to 1.36590. What we know.

USDCAD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday -0.62% -85 Pips
Week to-date -0.78% -106.8 Pips
March -0.06% -8 Pips

Upcoming key events (London Time)

No further events

What happened lately

No major activities.

USDCAD Chart by TradingView

What can we expect from USDCAD today?

USDCAD on Monday dropped -0.62% to 1.36590. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for USDCAD looks bearish as the pair posted lower in Monday trading session.

Looking ahead for the day, immediate support level is at 1.36216 (S1) with break below could see further selling pressure towards 1.35843 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.37451 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.36460 would indicate selling pressure.

For the week to-date, take note that USDCAD is mixed as the current price action remain uncertain due to trader indecisiveness.

Key levels to watch out:

R3 1.38198
R2 1.37825
R1 1.37207
Daily Pivot 1.36834
S1 1.36216
S2 1.35843
S3 1.35225

You might be interested in:

No major reports.

Disclaimer: We do not endorsed nor verified the posts provided by Twitter. This widget is provided to you as a convenience only and is not affiliated with all parties in any way.

Leave a Reply

Your email address will not be published. Required fields are marked *