RowaynaAhmed

The USD/CAD Currency Pair Analysis.

FX:USDCAD   U.S. Dollar / Canadian Dollar
The USD/CAD currency pair has faced a declining trend, which reflects the rise of the Canadian dollar against the fall of the US dollar. In addition, the reason behind the decline is the positive data about the change in employment that has increased than the expected data by 97.6K points. Therefore, the pair is expected to continue its downward trend and break the support line 1.245, on the other hand, if the pair rise, it will breach the first resistance line1.249 to reach the second resistance line 1.25 then the third resistance line 1.254
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