USDCAD analysis for 04.10.2019
Trade Balance and Ivey Purchasing Managers Index will be released in Canada and there will be the US FOMC Member talks along with Non-Farm Payrolls and Unemployment Rate data.
The pair is finding support at 1.33040 with resistance at 1.33520 which both lines are above the weekly pivot point at 1.32520. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the MACD line is above the signal line in the positive territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 1.33650.