Forex Pair: USDCAD Price Chart, Analysis and Trading Tips
11 May 2022
USDCAD Technical Analysis: Weekly Chart
In the weekly charts, USDCAD is trading in an upward channel.
It is trading above all SMAs: MA (20), MA (50), and MA (100).
RSI is in buying zone which indicates bullishness. MACD is currently trading above zero which indicates bullishness.
The immediate support is at 1.26802 and the resistance level is at 1.30936
USDCAD is trading in an upward channel until there is a trend reversal.
USDCAD Technical Analysis: Daily Chart
In the daily charts, USDCAD is trading in an upward channel.
It is trading above all SMAs: MA (20), MA (50), and MA (100).
RSI is in buying zone which indicates bullishness. MACD is currently trading above zero which indicates bullishness.
The immediate support is at 1.29572 and the resistance level is at 1.30338
USDCAD is trading in an upward channel until there is a trend reversal.
How to trade USDCAD this week:
USDCAD is trading in an upward channel until there is a trend reversal and the following opportunity can be taken: