Technical analysis of USD/CAD for July 24, 2018 888011000 110888 Summary: The essential level is seen at the price of 1.3247, for that the trend is still moving around it considering that today. The USD/CAD set will probably continue to increase from the level of 1.3139. It must be noted that the support is developed at the level of 1.3139 which represents the 61.8%Fibonacci retracement level on the H4 chart. The cost is likely to form a double bottom in the same amount of time. Appropriately, the USD/CAD pair is showing signs of strength following a breakout of the highest level of 1.3247. So, buy above the level of 1.3247 with the very first target at 1.3309 in order to check the day-to-day resistance 1 and even more to 1.3385. It might be kept in mind that the level of 1.3385 is a great location to take revenue due to the fact that it will form a double top. On the other hand, in case a turnaround happens and the USD/CAD set breaks through the assistance level of 1.3064 , a further decrease to 1.2990 can occur which would suggest a bearish market.The material has actually been provided by InstaForex Business-www.instaforex.com

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