Technical analytics

Fibonacci analysis of USDCAD


The bullish views were still popular yesterday. The US dollar buyers lost strength after reaching the level 1.3400. The USD/CAD currency pair moved sideways afterwards. The spot was moving back and forth between 1.3420 and 1.3380. The moving averages are going upwards. MACD traded to the downside. The RSI oscillator moved downwards. The resistance stands at 1.3400, the support is at 1.3350.

If bulls fail to maintain control, sellers might drive the USD/CAD to the level 1.3350 in the coming sessions.

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