USDCAD analysis for 07.04.2017

USDCAD is under the influence of Employment Rate in Canada and Average Hourly Earnings, Manufact and NonFarm Payrolls and Unemployment Rate in the US. The pair is finding support at 1.33740 with resistance at 1.34240 which both lines are above the weekly pivot point at 1.33370. The EMA of 10 is moving with bearish bias and it is located above the EMA of 100 and below the EMA of 200. The RSI is moving on the 50 level, the MACD indicator is in positive territory and the Stochastic is moving in low ranges. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing an upward trend. Long positions are recommended targeting 1.347. https://fxglory.com/usdcad-analysis-for-07-04-2017/