USD/CAD, Daily Chart Analysis 10/26
Updated
Technical Analysis and Outlook
The Lonnie finished higher coming from of Mean Support 1.3060 and progressing to significant Mean Resistance 1.3185, Mean Resistance 1.3268, Key Resistance 1.3339 as well as a retest of the inner Currency Rally 1.3342, while the downside sentiment might experience a short journey to Mean Support 1.3060.
The Lonnie finished higher coming from of Mean Support 1.3060 and progressing to significant Mean Resistance 1.3185, Mean Resistance 1.3268, Key Resistance 1.3339 as well as a retest of the inner Currency Rally 1.3342, while the downside sentiment might experience a short journey to Mean Support 1.3060.
Note
October 28The Lonnie finished higher maintaining its Mean Support 1.3060 base. Next upside target is Mean Resistance 1.3185.
Note
October 31The Canadian Lonnie closed down on Tuesday with the closure in the middle of Mean Support 1.3060 and Mean Resistance 1.3185. Currently, the bulls hold the strong overall near-term trade advantage.
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