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Tech on USD/CAD

18 July 2017

Resistance 3: C $ 1.2945 (Jul 11-12 high)

Resistance 2: C $ 1.2835 / 60 (Jul 7 low, MA (200) H1)

Resistance 1: C $ 1.2770 (Jul 13 high)

Current Price: C $ 1.2688

Support 1: C $ 1.2625 (Jul 17 low)

Support 2: C $ 1.2570 (Apr 27, 2016 low)

Support 3: C $ 1.2500 (Apr 29, 2016 low, psychological level)

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Everything posted herein is the Personal Opinion of the Author(s) and does not represent a statement made by TeleTrade. TeleTrade is providing this for informational purposes.

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Market Focus

  • U.S industrial production rose 0.6 percent in November after moving down 0.2 percent in October
  • UK PM May: Was Crystal Clear About Assurances Needed On Brexit
  • U.S retail sales were $513.5 billion in November, an increase of 0.2 percent from the previous month
  • Eurozone Composite PMI fell from 52.7 in November to 51.3 in December, its lowest since November 2014
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