Technical analytics

USD/CAD

USDCAD

The pro-dollar sentiment prevailed yesterday. The CAD continued to suffer the persistent weakness, as a result the USD/CAD pair attacked 1.3150. The spot found fresh offers here and dropped to the level 1.3100. The EMA50 saved buyers from further losses and rejected the price to 1.3130. The moving averages continued moving north. MACD declined in the positive area. RSI headed lower and reached the oversold area. The resistance stands at 1.3150, the support is at 1.3100.


If we see a close below 1.3100 we will sell the US dollar towards 1.3050.


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