USD/CAD
USD CAD
- CAD (-)
- Real time data - Forex
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Type: Forex
Ticker: USDCAD
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USD/CAD - USD/CAD Traders Await BoC - 12/07/2016 (GMT)

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  • Timeframe : 4H

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The USD/CAD pair extended its losses in the previous days hitting the 1.3240 support barrier, however, over yesterday the commodity pair traded slightly higher and over the last hours is consolidating within the 1.3240 – 1.3310 key zone ahead of the BoC interest rate decision later today. The next level to watch is the 1.3140 if there is a penetration of the 1.3240 support level. Otherwise, if the pair surpasses the 1.3310 it will open the door for the 1.3360 resistance obstacle which is below the 50-SMA on the short-term timeframe. The RSI indicator is sloping downwards and it is following a negative path whilst the MACD oscillator lies above its trigger line but is still moving below the neutral area.
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