USDCAD Broader Bias Remains Higher Towards 1.3383 Zone


USDCAD broader bias remains higher towards 1.3383 zone. Support lies at the 1.3300 level where a violation will aim at the 1.3250 level. Further down, support comes in at the 1.3200 level where a break lower may occur. This if seen will trigger further weakness towards the 1.3150 level. Conversely, resistance stands at the 1.3350 level where a break will target the 1.3400 level. Further up, resistance resides at the 1.3450 level and then the 1.3500 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, USDCAD looks to strengthen further.



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