11 Jul 2014
USD/CAD rally slowing up on 1.07 handle
FXStreet (Guatemala) - USD/CAD is trading at 1.0718, up 0.65% on the day, having posted a daily high at 1.0725 and low at 1.0627.
USD/CAD is trading in overbought territory and at the time of writing, RSI is neutral at 84.20, up from 81.68 at the last hour close, while ADX is trending at 50.48, up from 33.79 previous. Meanwhile, daily RSI is in neutral territory at 33.48. The pair is riding the prospects of a more dovish BoC after the worse than expected employment numbers. The unemployment rate rose to 7.1% vs 7.0% expected and previous.
USD/CAD Levels
With spot trading at 1.0718, we can see next resistance ahead at 1.0725 (Daily High), 1.0736 (Weekly Classic R2), 1.0774 (Weekly Classic R3), 1.0808 (Daily 200 SMA) and 1.0868 (Monthly High). Support below can be found at 1.0716 (Daily 20 SMA), 1.0707 (Daily Classic R3), 1.0694 (Weekly Classic R1), 1.0693 (Daily Classic R2) and 1.0684 (Weekly High).
USD/CAD is trading in overbought territory and at the time of writing, RSI is neutral at 84.20, up from 81.68 at the last hour close, while ADX is trending at 50.48, up from 33.79 previous. Meanwhile, daily RSI is in neutral territory at 33.48. The pair is riding the prospects of a more dovish BoC after the worse than expected employment numbers. The unemployment rate rose to 7.1% vs 7.0% expected and previous.
USD/CAD Levels
With spot trading at 1.0718, we can see next resistance ahead at 1.0725 (Daily High), 1.0736 (Weekly Classic R2), 1.0774 (Weekly Classic R3), 1.0808 (Daily 200 SMA) and 1.0868 (Monthly High). Support below can be found at 1.0716 (Daily 20 SMA), 1.0707 (Daily Classic R3), 1.0694 (Weekly Classic R1), 1.0693 (Daily Classic R2) and 1.0684 (Weekly High).