USD/CAD Technical Analysis - 13/AprilBy Praful Patat 05:00 GMT USDCAD is doing sideway movement on 1 hour chart. USDCAD retraced from 0.9692 to 0.9525 61.8% at 0.9628, extension at 0.9482, 0.9421 area still in progress. In USDCAD minor resistance is at 0.9656 break of 0.9656 then trend change and retracing 0.9693, 0.9801 area. If USDCAD will going down side at 0.9427 then retracement will be possible immediately. USDCAD break of 0.9565 support, further going down side toward 0.9425 in bigger range and then retracement possible from 0.9427 extension. New Low: 0.9543, 0.9594, 0.9581.
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