Technical analysis and trading recommendations for the USD / CAD currency pair as of May 10, 2018 - Forex247

Latest

Keep Your Trading Simple and Smart

Thursday, May 10, 2018

Technical analysis and trading recommendations for the USD / CAD currency pair as of May 10, 2018

The currency pair USD / CAD still failed to overcome the psychological level of 1.3000, getting close to it, the quote slowed down the movement and the result unfolded. Now, we can already see how the quote sank by more than 200 points, leaving behind the impulse candles. It is possible to assume that the "bearish" interest is preserved, and the current value of 1.2775 is just a periodic value for stopping, and in the case of fixation below 1.2750, we will open the way to the level of 1.2660.

Key Levels

Resistance 1,3000 *: 1,3120

Support 1,2800; 1.2660

* Psychological level

analytics5af42a46e2105.png

The material has been provided by InstaForex Company - www.instaforex.com


No comments:

Post a Comment