USDCAD analysis for 20.10.2016

CAD grew due to the oil price. The pair is finding support at 1.31180 with resistance at 1. 31720 which both lines are below the weekly pivot point at 1.31760. The EMA of 10 is moving with bullish bias and it is located below the EMA of 100. The RSI is moving above the 50 level, the MACD indicator is in negative territory, heading up and the Stochastic is showing upward momentum. There are no clear signals at the moment therefore traders can give this pair a rest and wait for better signals.

https://fxglory.com/usdcad-analysis-for-20-10-2016/