Time 9:00 AM GMT

USDCAD

The Pair moves inside uptrend on medium term and bounced up from level 1.3233 which represent as horizontal support level which support the continuing of the uptrend and will target levels 1.3315 and 1.3383 as first targets in the uptrend  the RSI indicator shows by bouncing up from level 50 the increasing of the probability of continuing the uptrend and the stochastic oscillator shows by moving around level 80 the overbought area the increasing of the probability of bouncing down around the current levels to correct before continuing the uptrend

Resistance levels

1.3315, 1.3383, 1.3440, 1.3565

Support levels       

1.3210, 1.3133, 1.3105, 1.3000

Leave a Comment