USDCAD analysis for 25.11.2016

There is no specific economic reports in Canada to influence USDCAD therefore this pair is chiefly under the influence of the US economic reports. The pair is finding support at 1.34700 with resistance at 1.35060 which the weekly pivot point at 1.34960 is located in between the lines. The EMA of 10 is moving with bearish bias and it is located above the EMA of 100 and the EMA of 200. The RSI is moving on the 50 level, the MACD indicator is in neutral territory and the Stochastic is moving horizontally in low ranges. The ADX is showing a weak sell signal. Short positions are recommended targeting 1.3360.

https://fxglory.com/usdcad-analysis-for-25-11-2016/