USDCAD analysis for 25.07.2016

While CAD is getting support from the government fiscal stimulus program the oil price is limiting this currency’s growth. The support rests at 1.31090 with resistance at 1.31630 which both lines are above the weekly pivot point at 1.30790. The EMA of 10 is rising above the EMA of 100. The RSI is above the 50 level and the MACD indicator is in positive territory. While it is moving above the pivot point, the pair will grow to 1.3200.

https://fxglory.com/usdcad-analysis-for-25-07-2016/