The USDCAD pair bounced slightly during the course of the day on Wednesday, using the 1.3037 level as support. At this point in time, the market is looking . The primary trend of USDCAD is on charts and price is trading below its support in its hourly chart. In its the price is sustaining below 50 day that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 1.3075 Support at the level of 1.3037. If it breaks its on the downside and sustains below it then we can expect it to show further movement in the pair.
is sustaining in its negative territory indicating the in the pair.
is sustaining in its selling zone indicating the upcoming negative trend in the pair.
USDCAD is looking on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
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