USDCAD analysis for 04.04.2017

USDCAD has been fluctuating within 1.338 and 1.333 since the middle of March. The pair is finding support at 1.33730 with resistance at 1.34250 which both lines are above the weekly pivot point at 1.33370. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100 and below the EMA of 200. The RSI is rising towards the overbought area, the MACD indicator is in neutral territory and the Stochastic is moving in high ranges. The ADX is showing a buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend. Long positions are recommended targeting 1.35. https://fxglory.com/usdcad-analysis-for-04-04-2017/