USDCAD forecast

The primary trend of USDCAD is bearish on charts but from past few trading sessions prices are not sustaining at lower levels & consolidating near the important level of 1.2270. In its hourly chart, prices are consolidating with strong positive bias to give break out at upside. It is also taking support of 30 DMA. If the pair breaks the resistance level of 1.2275 at upside then we can expect it to test the level of 1.2320/1.2370.

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.

MACD line is also sustaining in buying territory indicating the bullish trend in the pair.

STRATEGY:- USDCAD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions. 

Forex signal live chart | USD/CHF

The primary trend of USD/CHF is bullish, prices are taking resistance of falling trend line & consolidating on higher levels with a positive bias. Today if the pair breaks the level of 0.9535 & managed to sustain above it, then we can expect it to continue its ongoing trend & test the level of 0.9580 in today's session. RSI is sustaining in buying territory supporting upside movement in the pair.

MACD line has recently break the zero line,indicating the up trend in the market.

                                   

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STRATEGY :- USD/CHF is looking further bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.