Technical Analysis

Goldman Sachs sees scope for USD/CAD to fall under 1.3000

Goldman Sachs on USD/CAD

Goldman Sachs on USD/CAD

Technical strategists at Goldman Sachs notice the autumn under the 200-day transferring common on Friday and so they see the potential for a continued decline to 1.2890.

“The following interim help is down at 1.30-1.2974; contains the April uptrend in addition to a 1.618 extension goal,” they write in a notice in the present day.

They heat that there are a number of technical resistance ranges right down to 1.2890 however consider there may be scope for a decline.

“Take into account promoting into 1.3282 no larger than 1.3350. Confidence under 1.3206. Subsequent in focus 1.3120. Scope to retrace between 1.30 and 1.2878,” they write.

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