Uptrend in Loonie is slow but persistent. The pair has posted (yet another) new eleven-year high today, breaking above last Thursday's high by 15 pips before pulling back. The drivers remain weak commodities and general risk-off sentiment. Hawkish comments from Fed speakers yesterday didn't help it either.

First stronger intraday support is seen at 1.3385 - 1.3400 (00's, Previous Day High, Low Of Day) and then between 1.3335 and 1.3365 (Daily Pivot Point, 50's, 1.3345 pivot, Daily Resistance 1). There's quite a few resistance levels stacked up ahead of 61.8% retracement of the 2002 to 2007 decline (1.3470): Daily Resistance 1, Previous Week High, High Of Day, Weekly Resistance 1, Daily Resistance 2, 50's.

Translate to Inglese Show original

Since you are not logged in, we don't know your spoken language, but assume it is Inglese
Please, sign in or choose another language to translate from the list.

– o –