After trading in a narrow range between 1.0640 and 1.0670 during the Asian session, the USD/CAD has jumped around 110 pips in the European morning from 1.0640 to reach the highest level since October 5 at 1.0750.
Currently the pair is trading around 1.0730/40, 0.80% above today's opening price action at 1.0640.
USD/CAD has continued today's with its recovery from 14-month low at 1.0205 reached October 15 and pair is currently testing the MA55 daily chart level at 1.0720/30 zone.
“USDCAD Concentration by resistance can initiate further upside movement. This pair has potential to jump over the resistance level.”
USD/CAD (Oct 28 at 11:59 GMT)
H 1.0764 L 1.0634
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.0691 | 1.0718 | 1.0745 | 1.0772 | 1.0799 | 1.0826 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bullish | Neutral |
| Data updated on Oct 28 at 11:55 (15-minute timeframe) |
[ View USD/CAD Technical Studies ]
