Canada is not releasing any data today and USDCAD will be under the influence of the UK referendum and the economic reports in the US such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Durable Goods Orders m/m, and Core Durable Goods Orders m/m. Today USDCAD rose to 1.31011 but it is falling down towards its pivot point again. The Support rests at 1.28830 which is below the weekly pivot point at 1.30230 with resistance at 1.31680. The RSI has hit the overbought line and is falling down, the MACD indicator is in negative territory and the Stochastic has reached its top and may fall soon. The EMA of 10 has reached the EMA of 75 below the support line. The price has already passed the pivot point and is falling down towards the support level. It may fall to 1.29500.
USDCAD analysis for 24.06.2016
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