Canadian Dollar Outlook: USD/CAD Range Coils– Loonie Break Imminent
Canadian Dollar Outlook: USD/CAD Range Coilsâ Loonie Break Imminent 2021-04-14 15:41:00 Michael Boutros, Strategist Canadian Dollar Technical Price Outlook: Near-term Trade Levels Canadian Dollar updated technical trade levels – Daily & Intraday Charts USD/CAD contracting into monthly opening range, below key resistance zone Bulls vulnerable while above 1.26 – Key Support into 1.2473/89 The Canadian Dollar has continued to consolidate within the April range – just below resistance, just above trend support. We’re on breakout watch with the bulls vulnerable below the weekly high....
Source: dailyfx.com