USD/CAD Is In Bullish Trend

SUMMARY:

The major trend of USD/CAD is bullish. The pair is taking resistance of falling trendline & sustaining below the important level of 1.1670 & consolidating with a  positive bias. The pair is showing strength in buying side. We can expect it to continue its ongoing trend. Today, if it breaks the level of 1.1670 at upside we can expect it to test the level of 1.1700/1.1730. RSI is also sustaining in buying  territory
In MACD , MACD line has recently broke the  zero line upside,  supporting the positive side movement for next few  sessions. 

USD/CAD ( HOURLY )

 

STRATEGY : 

USD/CAD  is successfully  sustaining on higher  level & looking  further bullish on charts. One can go for buy on dips  strategy for this pair for intra day to mid term positions.

Pivot Points

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.2080	1.2086	1.2095	1.2101	1.2110	1.2116	1.2125
GBP/USD	1.5495	1.5519	1.5532	1.5556	1.5569	1.5593	1.5606
USD/JPY	119.44	119.54	119.67	119.77	119.90	120.00	120.13
USD/CHF	0.9919	0.9926	0.9933	0.9940	0.9947	0.9954	0.9961
AUD/USD	0.8130	0.8143	0.8162	0.8175	0.8194	0.8207	0.8226
EUR/GBP	0.7744	0.7753	0.7770	0.7779	0.7796	0.7805	0.7822
USD/CAD	1.1595	1.1602	1.1610	1.1617	1.1625	1.1632	1.1640
NZD/USD	0.7747	0.7764	0.7782	0.7799	0.7817	0.7834	0.7852

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