Technical analytics

Fibonacci analysis of USDCAD


USD/CAD remained neutral-to-bullish on Wednesday. The currency pair remained in the consolidative phase, trading in a tight range 1.3250-1.3230. The US dollar received an additional support from the Fibonacci retracement of 100.0% which is located at 1.3230. MACD decreased which confirmed the strength of sellers. The Stochastic indicator lost upward strength and stayed in the neutral zone. The moving averages continued their vertical slope. The resistance stands at 1.3250, the support is at 1.3200.

The currency pair will probably to extend its side-trend on Thursday.

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