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.
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
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