Canada’s unemployment rate came more than expected.
The pair is finding support at 1.32680 with resistance at 1.33160 which both lines are above the weekly pivot point at 1.32310. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is falling towards 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is showing upward momentum. The ADX is showing buy signal. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The support level breakthrough will push the price down towards 1.3188, otherwise, USDCAD grows towards 1.3355.
