After multiple attempts to break below the 1.0880 support level, USD/CAD’s price eventually started to see some upside movement in today’s Asian and Lohndon session. The price has created multiple pin bar candlestick patternw in this market, which shows the bulls aren’t going to give up anytime soon. The overall trend is still up as the price remains above the 200 period moving average and MACD and Parabolic SAR indicator are building up strength to the upside. The current support level is at 1.0880 and resistance is at 1.0983. If the bulls are determined to drive the price up, we could potentially see some buying opportunities coming in today’s New York session.
