Clive Lambert - FuturesTechs
Clive Lambert of FuturesTech is looking to sell USDCAD at a break of the overnight low at 1.3184 with a stop above 1.3237 (Marabuzo). His targets are 1.3000 and 1.2930.
Squawk / 02 June 2016 at 9:17 GMT
Business analyst
United Kingdom

The secondary trend of USD/CAD is BULLISH on charts and price is trading above its support trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 50day SMA and taking support of 200 day SMA on the upside indicating uptrend of the pair.
Resistance level of 1.3120 and Support level of 1.3050
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.

MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

STRATEGY: USD/CAD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.


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