USDCAD is chiefly under the influence of oil price. The pair is finding support at 1.34150 with resistance at 1.34400 which both lines are below the weekly pivot point at 1.34480. The EMA of 10 is moving with bearish bias and it is located above the EMA of 100 and the EMA of 200. The RSI is moving below the 50 level, the MACD indicator is in neutral territory and the Stochastic is moving in its minimum rate. The ADX is showing buy signal. Long positions are recommended targeting 1.3470.
USDCAD analysis for 17.11.2016
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