Technical analysis of USD/CAD for October 18, 2018 888011000 110888 Overview: The USD/CAD pair has actually broken resistance at the level of 1.3000, which acts as support now. The set has currently formed small assistance at 1.3000. The strong support is seen at the level of 1.2945 since it represents the weekly support. In the H1 amount of time, the RSI and the moving average (100) are still pointing to the upside. The market shows a bullish chance at the level of 1.3000. Buy above the small support of 1.3000 with a target at 1.3089 (this rate is accompanying the ratio of 100 %Fibonacci ). On the other hand, if the pair closes below the small assistance(1.3000), the rate will fall into the bearish market in order to go further towards the strong assistance at 1.2945. Comment: Likewise, the double bottom is seen at the level of 1.2865. If the trend is resilient, then the currency set strength will be specified as following: USD remains in an uptrend and CAD remains in a downtrend.The product has been supplied by InstaForex

By | October 19, 2018

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