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  • S&P/TSX

    21,969.24
    +83.86 (+0.38%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CAD/USD

    0.7316
    -0.0007 (-0.09%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • Bitcoin CAD

    87,254.49
    -998.13 (-1.13%)
     

  • CMC Crypto 200

    1,327.66
    -68.87 (-4.93%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • RUSSELL 2000

    2,002.00
    +20.88 (+1.05%)
     

  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     

  • NASDAQ

    15,927.90
    +316.14 (+2.03%)
     

  • VOLATILITY

    15.03
    -0.34 (-2.21%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     

USD/CAD Forecast September 19, 2017, Technical Analysis

Christopher Lewis
Updated

The US dollar rallied a bit during the day on Monday against the Canadian dollar, reaching towards the 1.2250 level. It looks as if we continue to show bullish pressure, but I think that there is more than enough resistance above to keep this market down over the longer term. I think the 1.23 level might be where we start to see massive selling pressure as it was the previous uptrend line that had been broken. Because of this, the market looks very likely to roll over given enough time. Ultimately, I believe that if oil rallies that could help the Canadian dollar is well.

USD/CAD Video 19.9.17

This article was originally posted on FX Empire

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