Oil is leaving negative impact on CAD. The pair is finding support at 1.33580 with resistance at 1.34000 which both lines are above the weekly pivot point at 1.32310. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100 and the EMA of 200. The RSI is rising towards the overbought area, the MACD indicator is in positive territory and the Stochastic is moving in high rates. The ADX is not showing any clear signal. The pair seems bullish today, long positions are recommended with the target at 1.3470.
USDCAD analysis for 28.10.2016
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