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Market Analysis

Home » Charts » Mar. 27, 2015: No Actionable Setup for USDCAD

Mar. 27, 2015: No Actionable Setup for USDCAD

Posted by FXTimes in Charts - March 27th, 2015 2:41 pm GMT

The USDCAD traded within a familiar range on Friday, hovering around the 1.25 mark following disappointing US GDP figures and a dearth of Canadian data.

The USDCAD bounced from a daily low of 1.2468. It would subsequently consolidate at 1.2510, advancing 0.2 percent. Initial support is located at 1.2418 and resistance at 1.2542. The short-term technical outlook is neutral, with the pair lacking directional bias at this point.


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