FX.co ★ Technical analysis and trading recommendations for the USD/CAD currency pair as of December 26, 2017

The USD/CAD currency pair reached again the periodic value of 1.2710, last week the resistance level of 1.2900 worked. Currently, a two-digit can be seen wagging near this coordinate with the formation of a candle like "Doji". It is possible to assume that the current stagnation in the framework of 1.2695 / 1.2740 will continue, where the "bears" will try to form a cluster at the lower boundary continuing to move toward the main level of 1.2660.

Key Levels

Resistance - 1.2830 *; 1.2900.

Support - 1.2710 *; 1.2660; 1.2570.

* Periodic level

* The presented market analysis is informative and does not constitute a guide to the transaction.