- Prev Open: 1.33892
- Open: 1.33504
- % chg. over the last day: -0.30
- Day's range: 1.33436 – 1.33573
- 52 wk range: 1.2248 – 1.3445
USD/CAD keeps trading in a flat. The technical picture is ambiguous. Positions should be opened from the local support and resistance levels 1.33300 and 1.33700. Keep an eye on the oil quotes dynamic. USD/CAD quotes have potential to descend after a long rally.
The News Feed for Canada is calm.
The indicators do not provide signals: the price is being traded between 50 MA and 200 MA.
The MACD histogram is in the negative zone which indicates a bearish mood.
The Stochastic Oscillator is in the oversold zone, the %K line is below the %D line, which points towards the decline of the USD/CAD quotes.
- Support levels: 1.33300, 1.33000, 1.32600
- Resistance levels: 1.33700, 1.34000, 1.34300
If the price fixes above 1.33700, USD/CAD quotes will grow toward 1.34000-1.34300.
Alternatively, if the price fixes below 1.33300, we recommend looking for market entry points to open short positions. The movement is tending to 1.33000-1.32600.