26 Apr
USDCAD Technical Analysis: Weekly Chart
In the weekly charts, USDCAD is trading within an ascending triangle.
It is trading above all SMAs: MA (5), MA (20), and MA (50).
The immediate support is at 1.25246 and the resistance level is at 1.29462
USDCAD is trading within an ascending triangle until there is a breakout.
USDCAD Technical Analysis: Daily Chart
In the daily charts, USDCAD is trading in an upward channel.
It is trading above all SMAs: MA (5), MA (20), and MA (50).
The immediate support is at 1.26576 and the resistance level is at 1.27748
USDCAD is trading in an upward channel until there is a trend reversal.
How to trade USDCAD this week:
USDCAD is trading within an ascending triangle until there is a breakout. If the price breakouts, the following opportunity can be taken:
