USDCAD on Tuesday dropped -0.02% to 1.2098.ChatPips
|Week 2021-05-11||-0.32%||-39.4 Pips|
USDCAD on Tuesday dropped -0.02% to 1.2098.
Updated daily direction for USDCAD is mixed as the current price action consolidate above 1.2074.
Looking ahead today, with the uncertainty in the price action yesterday we prefer to look at the week high of 1.2130 as important resistance level and the week low of 1.2074 as important support level. USDCAD need to break on either side to indicate any strong bias. A close below 1.2075 would indicate short-term selling pressure.
Updated weekly direction for USDCAD is bearish as the pair posted lower.