05 Apr
USDCAD Technical Analysis: Weekly Chart
In the weekly charts, USDCAD is trading within a rectangle pattern.
It is trading below all SMAs: MA (5), MA (20), and MA (50).
The immediate support is 1.22883 and the resistance level is at 1.28888
USDCAD is trading within a rectangle until there is a breakout or a breakdown.
USDCAD Technical Analysis: Daily Chart
In the daily charts, USDCAD is trading within an ascending triangle.
It is trading below all SMAs: MA (5), MA (20), and MA (50).
The immediate support is 1.24265 and the resistance level is at 1.25104
USDCAD is trading within an ascending triangle until there is a breakdown.
How to trade USDCAD this week:
USDCAD is trading within a rectangle pattern until there is a breakout or a breakdown. However, the following opportunities can be taken if there is a breakdown:
