Canadian Dollar | Data | Chart | Calendar | Forecast | News
BUZ INVESTORS USDCAD increased 0.0012 or 0.09% to 1.3257 on Friday June 16 from 1.3245 in the previous trading session. Historically, the Canadian Dollar reached an all time high of 1.61 in January of 2002 and a record low of 0.92 in November of 2007.
The greenback has rebounded after finding support at 1.3165 yesterday, suggesting consolidation above this level would be seen and recovery to 1.3330 cannot be ruled out, however, reckon 1.3360-65 would limit upside and bring another decline later, below 1.3220 would suggest the rebound from 1.3165 has ended, bring retest of this level but break there is needed to signal recent decline from 1.3794 has resumed for weakness towards 1.3100 and possibly towards previous support at 1.3078.
In view of this, would be prudent to sell again on subsequent recovery as 1.3350-60 should limit upside. Above previous support at 1.3387 (now resistance) would defer and suggest low is possibly formed, bring a stronger rebound to 1.3420-25 but break there is needed to provide confirmation.
USDCAD increased 0.0012
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