FBS: USD/CAD prospects
USD/CAD remains under a slight bearish pressure since the end of October, after having reached the top of the July-October bearish channel.
There is some support for the pair in the 1.0400/1.0380 area (100- and 55-day MAs, Ichimkoku, middle daily Bollinger). Break below 1.0380 would be a good selling opportunity with a target of 1.0280 and a stop at 1.0420.
On the other hand, rise above 1.0455 would be a buying signal, confirming a “bullish flag” formation.
Chart. Daily USD/CAD