USDCAD

jonsmith

Master Trader
Sep 7, 2015
187
0
47
The primary trend of USDCAD is bullish on charts. In its 4 hourly chart, the pair is consolidating with strong positive bias and is likely to give break out at upside. Its 30 and 200 DMA are also supporting the upcoming bullish trend in the pair. It is facing an important resistance at the level of 1.3312. If it breaks its resistance level of 1.3312 at upside then we can expect it to show further upside movement.

INDICATORS:-
RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.
MACD is also sustaining in buying territory indicating the upcoming bullish trend in the pair.

STRATEGY: USDCAD is looking bullish on charts for next few trading session. One can go for buy on dips strategy for this pair for intra day to mid term positions.
 

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