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USD/CAD Trend Takes A pause On Its Way To 1.0700

Published 12/06/2013, 01:29 AM
Updated 07/09/2023, 06:31 AM
USD/CAD
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USD/CAD Trends and Fibonacci Retracement Levels:
The USD/CAD currency pair has been falling in forex market trading today, with the USD/CAD registering a high of 1.06830 and touching a low of 1.06613 on the day. Trends data shows the pair is continuing to climb in a short-term uptrend with prices trading over the 21-period linear moving average. Over the longer term trend, the pair continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below. Look for the 1.0700 level to present the next obstacle to the upside with the 1.0650 level looking to provide near-term support below.

<span class=USD/CAD Daily Chart" title="USD/CAD Daily Chart" width="656" height="420">

USD/CAD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 197.8 pips

30-day current trend is BULLISH / Trend strength of 230.8 pips

60-day current trend is BULLISH / Trend strength of 343.3 pips

90-day current trend is BULLISH / Trend strength of 168.3 pips

180-day current trend is BULLISH / Trend strength of 328.1 pips

Fibonacci Retracement Levels: Past 100 Days
– 0.000 – 1.07058
– 0.236 – 1.05819
– 0.382 – 1.05053
– 0.500 – 1.04433
– 0.618 – 1.03814
– 0.764 – 1.03047
– 1.000 – 1.01808

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

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