USDCAD analysis for 18.05.2017

USDCAD is chiefly under the influence of the US and Russia negotiation. The pair is finding support at 1.36020 with resistance at 1.36760 which both lines are below the weekly pivot point at 1.37070. The EMA of 10 is moving with bullish and it is located above the EMA of 200 and below the EMA of 100. The RSI is rising towards the 50 level, the MACD indicator is in negative territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend. Long positions are recommended targeting 1.37. https://fxglory.com/usdcad-analysis-for-18-05-2017/