. Get Currency Pair USDCAD Technical Analysis Chart and Market Updates

Get Currency Pair USDCAD Technical Analysis Chart and Market Updates

Get Currency Pair USDCAD Technical Analysis Chart and Market Updates

24 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 1.24600 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:

TRADE SUGGESTION: SELL AT 1.24400, TAKE PROFIT AT 1.20465, AND STOP-LOSS AT 1.27135