USD/CAD | Bullish Trend

Forex Trading Signals

The primary trend of USD/CAD is bullish, prices are sustaining on the higher levels & looking further bullish for the few upcoming sessions. The pair is taking resistance from the level of 1.2465, consolidating & gaining strength to break it upside. Today if the pair breaks 1.2465 & managed to sustain above it, then we can expect it to continue its ongoing trend & test the level of 1.2490/ 1.2530 in today's session.

Prices are taking support of 30 SMA & 200 SMA. RSI is also 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/CAD is 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	1.1262	1.1297	1.1348	1.1383	1.1434	1.1469	1.1520
GBP/USD	1.5211	1.5275	1.5355	1.5419	1.5499	1.5563	1.5643
USD/JPY	117.50	118.01	118.40	118.91	119.30	119.81	120.20
USD/CHF	0.9197	0.9255	0.9338	0.9396	0.9479	0.9537	0.9620
AUD/USD	0.7705	0.7737	0.7775	0.7807	0.7845	0.7877	0.7915
EUR/GBP	0.7227	0.7281	0.7333	0.7387	0.7439	0.7493	0.7545
USD/CAD	1.2308	1.2342	1.2399	1.2433	1.2490	1.2524	1.2581
NZD/USD	0.7425	0.7462	0.7498	0.7535	0.7571	0.7608	0.7644