The American dollar is acting stronger against its Canadian counterpart. Today BOC Deputy Governor Sylvain Leduc Speaks.
The pair is finding support at 1.24650 with resistance at 1.25430 which both lines are above the weekly pivot point at 1.24380. The EMA of 10 is moving with bullish bias along the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving in the overbought area, the MACD indicator is in positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 1.30.

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