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USDCAD Technical Analysis For 17 April 2017
Home / USDCAD Technical Analysis For 17 April 2017

 
USD/CAD seems bullish for the next few days. In D1 chart it is seems supported by moving average of 200 periods and 100 periods with a strong trend line. 1.3275 can be considered a good entry point to long the position. At least 120 points of bullish move can be expected. Right now in H1 and H4 chart, RSI shows downward momentum so; wait for the desired level can be fruitful. 
 
Resistance Levels:
 
R3  : 1.3365
R2  : 1.3350 
R1  : 1.3338
 
Pivot: 1.3323 
 
Support Levels:
 
S1  : 1.3311
S2  : 1.3296
S3 : 1.3284

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