FX.co ★ Technical analysis and trading recommendations for the USD / CAD currency pair as of May 8, 2018

The USD/CAD currency pair still managed to overcome the two-week outset, issuing the result of the pulse candles. giving out the result of the impulse candles. In the previous review, we have already analyzed a looped course on the Canadian, where it was recommended to track price fixation outside the boundaries of 1.2800 / 1.2920. Today, the moment has come when the quotation managed to overcome the upper limit, where we quickly come close to the psychological level of 1.3000 while maintaining the "bullish" interest in the market.

Whether the upside potential will remain, this level will tell us the level of 1.3000, where in the case of fixation above, it will open the way to 1.3123. Otherwise, we'll see a rollback from 1.3000 to 1.2920.

Key Levels

Resistance: 1,3000 *; 1,3120

Support: 1.2910; 1,2800; 1.2660

* Psychological level