Forex Pair: USDCAD Price Technical Analysis and Trading Tips

Forex Pair: USDCAD Price Technical Analysis and Trading Tips

USDCAD Price Technical Analysis

USDCAD Technical Analysis: Weekly Chart

USDCAD Price Technical Analysis

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 1.26482 and the resistance level is at 1.31016

USDCAD is trading in an upward channel until there is a trend reversal.

USDCAD Technical Analysis: Daily Chart

USDCAD Price Technical Analysis

In the daily charts, USDCAD is trading in an upward channel.

It is trading below MA (20) but above 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 1.27770 and the resistance level is at 1.29712

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:

TRADE SUGGESTION: BUY AT 1.31402, TAKE PROFIT AT 1.36872, AND STOP-LOSS AT 1.27602

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