USD/CAD
USD CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDCAD
ISIN:

USD/CAD - Surpassed Significant Obstacles and is Moving Towards 1.3670 - 05/24/2017 (GMT)

  • Who voted?
  • 366
  • 0
  • Timeframe : Daily

Download a full-size picture
Are you looking for opportunities in indices and forex?
DISCOVER LONDINIA OPPORTUNITIES...

One of the main topic of discussions today will be the Canadian dollar which fell sharply against the U.S. dollar. The USD/CAD pair moved slightly higher after the sell-off until the 1.3450 support level and now it climbed above the 50-daily SMA. After the price recorded a new one-month low, we are waiting for a correction until the next immediate strong resistance level at 1.3670. However, we could see a further bearish tendency if the price falls below the 1.3450 support level.

The technical structure suggests bullish move as both are rising. The RSI indicator is following a negative path but is sloping to the upside approaching the 50 level. Also, the stochastic oscillator created a bullish crossover within its moving averages and exited from the oversold zone.
This member did not declare if he had a position on this financial instrument or a related financial instrument.

About author

Offline

Overall rating :
1878
Number of analyses :
Followers :
90

Add a comment

no pic

Comments

0 comments on the analysis USD/CAD - Daily