USDCAD Technical Analysis, Forecast and Trading Tips
16 Jun 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 1.25130 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
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: