USD has been under pressure due to Trump’s comments and USDCAD will be also under the influence of BOC keeping the rates on hold.
The pair is finding support at 1.32910 with resistance at 1.33130 which both lines are below the weekly pivot point at 1.33240. The EMA of 10 is moving with bearish bias and it is below the EMA of 100 and above the EMA of 200. The RSI is moving horizontally on the 50 level, the MACD indicator is in neutral territory and the Stochastic is moving in low ranges. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend. Short positions are recommended targeting 1.32250.

usdcad analysis