Technical analysis of USD/CAD 03/20/2019
The USD/CAD currency pair forms an uplink channel on a 4N time frame. At the moment, the price rebounded from the support level of 1.3250 (MA200), continues to develop an upward movement, giving reason to expect growth of quotations above the level of 1.3460.
In favor of the quotes growth of the Canadian Dollar stands the test of the support area on the RSI indicator. Cancellation of growth options USD/CAD will be a strong fall and the breakdown of 1.3200 area. This will indicate a breakdown of the channel lower boundary and a continued decline in quotes.
Created by Joshua Hayn