USD/CAD - Successfully Sustaining On Higher Levels !

SUMMARY:

The major trend of USD/CAD  is bullish. Prices are sustaining below the falling trend line with a positive bias. Today if the pair breaks the psychological level of 1.2000  at upside we can expect it to test the level of 1.2020/1.2050. RSI is also sustaining in buying  territory supporting the ongoing  trend. MACD line has recently break the zero line,indicating the up trend in the market.

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	1.1614	1.1622	1.1626	1.1634	1.1638	1.1646	1.1650
GBP/USD	1.5166	1.5172	1.5176	1.5182	1.5186	1.5192	1.5196
USD/JPY	115.91	116.03	116.23	116.36	116.56	116.69	116.89
USD/CHF	0.8576	0.8607	0.8660	0.8691	0.8744	0.8775	0.8828
AUD/USD	0.8212	0.8221	0.8229	0.8238	0.8246	0.8255	0.8263
EUR/GBP	0.7657	0.7659	0.7661	0.7663	0.7665	0.7667	0.7669
USD/CAD	1.1958	1.1961	1.1965	1.1968	1.1972	1.1975	1.1979
NZD/USD	0.7806	0.7819	0.7828	0.7841	0.7850	0.7863	0.7872

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