. USDCAD Technical Analysis, Forecast and Trading Tips - CSFX

USDCAD Technical Analysis, Forecast and Trading Tips

16 Jun 2022

USDCAD Technical Analysis: Weekly Chart

USDCAD 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 1.25130 and the resistance level is at 1.30125

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

USDCAD Technical Analysis: Daily Chart

USDCAD Technical Analysis

In the daily 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 1.28430 and the resistance level is at 1.30050

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 1.30725, TAKE PROFIT AT 1.33875, AND STOP-LOSS AT 1.28740