USDCAD Technical Analysis: Weekly Chart
In the weekly charts, USDCAD is trading in an up channel. USDCAD is currently trading above all SMA.
RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 1.34000 the resistance level is at 1.40000
USDCAD will trade in an up channel until there is a trend reversal.
USDCAD Technical Analysis: Daily Chart
In the daily charts, USDCAD was trading in a down channel. USDCAD is currently trading below all SMA except MA(20).
RSI is in the buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 1.32000 the resistance level is at 1.35500
USDCAD was traded in a down channel before there is a breakout downside.
How to Trade USDCAD this Week:
USDCAD will follow the uptrend until its trend reversal. So, remain bullish on USDCAD
