The primary trend of USDCAD is bullish on charts. In its hourly chart, the pair is not sustaining at lower levels and bouncing back to continue its up-trend. Prices are consolidating with strong positive bias and its 200 DMA is also supporting the further up-trend. If it breaks its resistance level of 1.3355 & sustains above it then it is expected to show further bullish movement in next few days.
INDICATORS:-
RSI is sustaining in buying territory, supporting the upside movement in the market.
STRATEGY:- USDCAD is looking bullish on charts for next few trading session. One can go for buy on dips strategy for this pair for intra day to mid term positions.
INDICATORS:-
RSI is sustaining in buying territory, supporting the upside movement in the market.
STRATEGY:- USDCAD is looking bullish on charts for next few trading session. One can go for buy on dips strategy for this pair for intra day to mid term positions.