USDCAD Technical Analysis: Weekly Chart
In the weekly charts, USDCAD was trading in an up channel. USDCAD is currently trading below all SMA except MA (50).
RSI is in the buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 1.34000 the resistance level is at 1.37000
USDCAD was traded in an up channel before there is a downside breakout.
USDCAD Technical Analysis: Daily Chart
In the daily charts, USDCAD was trading in a down channel. USDCAD is currently trading above all SMA except MA (50).
RSI is in the buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 1.34000 the resistance level is at 1.36000
USDCAD was traded in a down channel before there is an upside breakout.
How to Trade USDCAD this Week:
USDCAD will follow the downtrend until its trend reversal. So, remain bearish on USDCAD.