While USD was getting strengthened, CAD was under pressure due to the oil price. The pair is finding support at 1.33480 with resistance at 1.35550 which both lines are above the monthly pivot point at 1.32790. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100 and the EMA of 200. The RSI is moving above the 50 level, the MACD indicator is in neutral territory and the Stochastic is showing price growth. The ADX is showing sell signal. The pair seems bearish at the moment, sellers can target 1.3250.
USDCAD analysis for 09.11.2016
Comments are closed.