USDCAD had a sharp decline yesterday but today it is growing up again. The pair is finding support at 1.3039 with resistance at 1.30970 which both lines are below the weekly pivot point at 1.31370. The EMA of 10 is moving with bearish bias and it is getting close to the EMA of 100. The RSI is moving below the 50 level, the MACD indicator is in positive territory heading down and the Stochastic is moving in its minimum rate. The pair is creating a correction pattern, it might grow to the resistance area.
USDCAD analysis for 29.09.2016
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