USD/CAD is challenging the psychological resistance at 1.2000. - TopicsExpress

USD/CAD is challenging the psychological resistance at 1.2000. The short-term bullish momentum remains strong as long as the hourly support at 1.1926 holds. Another hourly support lies at 1.1836. • In the longer term, the technical structure looks like a rounding bottom whose maximum upside potential is given by the strong resistance at 1.3065 (09/03/2009 high). A key support stands at 1.1561 (17/12/2014 low). Key resistances are given by the psychological threshold at 1.2000 and 1.2506 (21/04/2009 high).

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