USDCAD on Thursday dropped -0.11% to 1.2093.ChatPips
|Week 2021-06-10||0.17%||21 Pips|
USDCAD on Thursday dropped -0.11% to 1.2093.
Updated daily direction for USDCAD is mixed as the current price action consolidate above 1.2052.
Looking ahead today, with the uncertainty in the price action yesterday we prefer to look at last high of 1.2126 as immediate resistance level and the week low of 1.2054 as important support level. USDCAD need to break on either side to indicate any strong bias. A close below 1.2066 would indicate short-term selling pressure.
Updated weekly direction for USDCAD is mixed as the current price action remain uncertain due to trader indecisiveness.