USDCAD analysis for 28.04.2017

USDCAD has been choppy due to Trump’s actions regarding NAFTA agreement and the oil prices. The pair is finding support at 1.36200 with resistance at 1.36690 which both lines are above the weekly pivot point at 1.34270. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving horizontally in the overbought area, the MACD indicator is in positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signals. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. As long as the 1.362 level of support is staying intact, we stay bullish on this chart. https://fxglory.com/usdcad-analysis-for-28-04-2017/