Squawk / 11 July 2016 at 7:05 GMT
Business analyst
United Kingdom

The USDCAD pair bounced slightly during the course of the day on Friday, using the 1.3027 level as support. At this point in time, the market is looking bullish. The primary trend of USDCAD is bullish on charts and price is trading below its Resistance trend line in its 1 hourly chart. In its daily chart the price is sustaining above 100 day SMA that are appears on the above image indicating uptrend of the pair.
Resistance level 1.3059 Support level 1.3027
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 positive trend in the pair.

STRATEGY: USDCAD 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.
11 July
John Roberti John Roberti
What do you expect now that the pair is clearly above 1,3059 and going up? Your opinion would be appreciated
12 July
tayalsmith tayalsmith
USDCAD IS STILL BULLISH. Check my today's report. Thank you


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