USDCAD analysis for 16.02.2017

USDCAD is chiefly under the influence of US economic reports such as retail sales and the CPI data. The pair is finding support at 1.30320 with resistance at 1.30720 which both lines are below the weekly pivot point at 1.30990. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100 and the EMA of 200. The RSI is moving below the 50 level, the MACD indicator is in negative territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. Today USDCAD will be fluctuating within 1.30 and 1.31 area. https://fxglory.com/usdcad-analysis-for-16-02-2017/