CAD is under pressure due to Trump’s plans regarding Keystone XL and oil pipelines.
The pair is finding support at 1.30520 with resistance at 1.30940 which both lines are above the weekly pivot point at 1.32380. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100 and EMA of 200. The RSI is rising towards the 50 level, the MACD indicator is in negative territory and the Stochastic is moving in low ranges. The ADX is not showing any clear signals.
The pair is creating the correction pattern after its decline towards 1.3051 area therefore it will rise towards 1.32 level.

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