USDCAD is under the influence of the US GDP and the oil price. The pair is finding support at 1.34100 with resistance at 1.34660 which both lines are below the weekly pivot point at 1.34750. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100 and above the EMA of 200. The RSI is moving below the 50 level, the MACD indicator is in neutral territory and the Stochastic is moving horizontally in low ranges. The ADX is showing buy signal. Long positions are recommended targeting 1.3470.
USDCAD analysis for 30.11.2016
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