USDCAD analysis for 15.12.2017

Canada is releasing Manufacturing Sales MoM and New Motor Vehicle Sales and the US will publish Industrial Production YoY and Foreign Bond Investment. The pair is finding support at 1.27200 with resistance at 1.27930 which the weekly pivot point at 1.27800 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is located above the EMA of 200 and 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 middle ranges. The ADX is showing sell signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend. The support level breakthrough will push the price down towards 1.26 otherwise it will grow to 1.28. https://fxglory.com/usdcad-analysis-for-15-12-2017/