The dollar was up, remaining near a four-and-a-half-year high against the yen. Incumbent U.S. Federal Reserve Chair Jerome Powell appointment to a second term increased bets that the U.S. will hike interest rates quicker than expected.
The USDCAD pair showed an upward movement above the 1.2536 daily support level. If the price stays above 1.2536, the daily resistance level can be seen at 1.2772. On the other hand, If the price drops below 1.2536., we will see the support level at 1.2417
Support : 1.2536 - 1.2417 - 1.2246
Resistance : 1.2772 - 1.2864 - 1.2942
24 Nov 21 (Wed)
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