USDCAD analysis for 12.10.2016

The pair is finding support at 1.31900 with resistance at 1.32520 which the weekly pivot point at 1.32240 is located in between the lines. The EMA of 10 is moving with bearish bias and it is located above the EMA of 100. The RSI is moving above the 50 level, the MACD indicator is in positive territory and the Stochastic is showing downward momentum. Long positions are recommended with the target at 1.3300.

https://fxglory.com/usdcad-analysis-for-12-10-2016/