molFX

  • After break of 1.0940, accelerated to the downside and price fell below 1.0900.
  • Next support located around the minimum of April and also a Fibonacci level, between 1.0855 / 60.
  • Resistance at 1.0940 and above the next is a bearish line that stands at 1.0975. Break of 1.0975 will favor the US dollar, while below support at 1.0860, the decline could accelerate.
USD/CAD 4H - 05/07
USD/CAD 4H – 05/07