FX:USDCAD U.S. Dollar/Canadian Dollar
The secondary trend of USD/CAD is on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining above 50 day and taking support of 200 day indicating uptrend of the pair. It is having an important resistance at the level of 1.3980 and support at the level of 1.3840. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further movement in the pair.
is sustaining in its positive territory indicating the in the pair.
is sustaining in its buying zone indicating the upcoming in the pair.
USD/CAD is looking on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.