USDCAD analysis for 23.11.2017

Canada is publishing Retail Sales MoM and the US is not releasing any economic reports. The pair is finding support at 1.26750 with resistance at 1.27220 which both lines are below the weekly pivot point at 1.27550. The EMA of 10 is moving with bearish bias in the descendant channel and it is located above the EMA of 200 and below the EMA of 100. The RSI is falling towards the oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing sell 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. Short positions are recommended towards 1.25. https://fxglory.com/usdcad-analysis-for-23-11-2017/