- Oct 16, 2021
- Reaction score
USDCAD TECHNICAL ANALYSIS, TRADE SIGNALS AND IDEAS
USDCAD TECHNICAL ANALYSIS: WEEKLY CHART
In the weekly charts, USDCAD is trading in an upward channel.
It is trading below MA (20) and MA (100) but above MA (50).
RSI is in selling zone which indicates bearishness. MACD is currently trading above zero which indicates bullishness.
The immediate support is at 1.24942 and the resistance level is at 1.29775
USDCAD is trading in an upward channel until there is a trend reversal.
USDCAD TECHNICAL ANALYSIS: DAILY CHART
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