Canada's currency continues to yield position of the US dollar, which was triggered by declining oil prices, while investors prefer not to risk it.
Current situation
Pair USA / CAD is in the downlink, close to its upper limit. After a short test week highs in the 1.3200 price attempted to return to below the level of the test. Sellers are now trying to overcome the mark of 1.3200.Moving averages are below the prices. 50 EMA crosses the 100 EMA and the 200 EMA on the 4-hour chart.Moving averages are directed upwards. Resistance is located at 1.3200, support - at 1.3100.
MACD remains in the positive zone. MACD remained the same, indicating that the strengthening of customer positions. RSI is consolidated in the overbought zone.
Forecast USD / CAD
Market sentiment remains positive. If the price overcomes the level of 1.3200, the upward movement will continue. If the level of stand, the tool will fall to around 1.3100.
Based on materials from Fort Financial Services
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