USDCAD has been fluctuating within the ascendant channel since the middle of March.
The pair is finding support at 1.33210 with resistance at 1.33440 which both lines are below the weekly pivot point at 1.33500. The EMA of 10 is moving with bearish bias and it is below the EMA of 100 and above the EMA of 200. The RSI is moving horizontally below the 50 level, the MACD indicator is in 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 and the Kijun-sen are both showing a horizontal trend.
The pair will continue its fluctuation within the channel.

usdcad analysis