The USD/CAD Currency pair touch the periodic ceiling once again near the range of the resistance level at 1.2900, where it slowed down the movement. Currently, a temporary wagging can be seen within the area of 1.2830 / 1.2880, attempting to work out the level. It is possible to assume that movement in the given limits will be preserved, as the "bears" will try to form a cluster near the lower boundary and smoothly fixing below, then opening the way to 1.2780.
Key Levels
Resistance - 1.2830 *; 1.2900.
Support - 1.2780 *; 1.2660; 1.2570.
* Periodic level
Signals
- It is recommended to consider buying the pair after a clear fixation above the value of 1.2920, with the prospect of a move to 1.3000.
- Selling the pair is recommended to be made after a clear fixation below 1.2830, with the prospect of a move to 1.2780.
Attention: Predictions are not a direct guide to action!
* The presented market analysis is informative and does not constitute a guide to the transaction.
