The Oil market is putting the Canadian dollar under pressure.
The pair is finding support at 1.29510 with resistance at 1.30210 which both lines are above the weekly pivot point at 1.29010. 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 moving in overbought area, the MACD line is on the signal line in the neutral territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 1.32.

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