Thursday, April 26, 2018

USD/CAD

USD/CAD showed little movement in the Asian session. The pair recorded slight gains but then retracted in European trade
  • 1.2757 is providing support
  • 1.2850 was tested earlier in resistance. It is a weak line
  • Current range: 1.2757 to 1.2850
Further levels in both directions:
  • Below: 1.2757, 1.2687 and 1.2590
  • Above: 1.2850, 1.2943, 1.3015 and 1.3125

  • USD/CAD ratio is showing little movement in the Thursday session. Currently, short positions have a majority (53%), indicative of slight trader bias towards USD/CAD takes next.