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 1.24600 and the resistance level is at 1.30468
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 below its previous upward channel.
It is trading below MA (20) but above MA (50) and MA (100).
RSI is in selling zone which indicates bearishness. MACD is currently trading above zero which indicates bullishness.
The immediate support is at 1.27602 and the resistance level is at 1.28648
USDCAD is trading below and outside its previous upward channel.
How to trade USDCAD this week:
USDCAD is trading in an upward channel until there is a trend reversal. If the trend reverses, the following opportunity can be taken:
