While there are no major economic reports in Canada today, USDCAD will be chiefly under the influence of global macroeconomic events.
The pair is finding support at 1.32300 with resistance at 1.32720 which the weekly pivot point at 1.32630 is located in between the lines. 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 rising towards 50 level, the MACD line is on the signal line in the neutral territory and the Stochastic is moving in low ranges. The ADX is not showing any clear signals. The price is below 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.
While considering pullbacks on the way, buyers can target 1.3305.

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