USDCAD Daily Forecast Dec 17 2018

0
61
Cad -Dollar 65985457265

USDCAD: Bullish, Eyes On 1.3465 Level…

As long as 1.3250 support holds on a daily closing basis, the USDCAD remains on the upside to 1.3465 level. A halt is likely, it may test 1.3398 before attempts to break above 1.3465. Anyway; above 1.3465 aims 1.3545, further upside, resistance comes at 1.3635 level.

Suggested Reading:

GBPUSD Daily Forecast Dec 17 2018

USDJPY Daily Forecast Dec 13 2018

GBPUSD Weekly Forecast Dec 17 2018

On the downside, below 1.3250 sees a pullback threats to 1.3154 before another rise. Below 1.3154 will extend the corrective pullback to 1.3067 level ahead of 1.3014 level.

Conclusion: The USDCAD sees upside threats above 1.3250 level…

Support: 1.3250, 1.3154, 1.3067, 1.3014

Resistance: 1.3398, 1.3446, 1.3545, 1.3635

MARKET DATA

UPCOMING ECONOMIC EVENTS