Market has been bullish Loonie since Canadian job data beat expected on last Friday, 11,900 jobs added and unemployment rate decreased by 0.2%. USDCAD fell to 1.0355 from 1.0405 and since market volatility is quite low today, USDCAD is still trading near Friday close.
On daily chart, we see that it is limited by SMA-100 days on the upside and SMA-200 days on the downside while RSI and MACD suggest buying opportunity.
Resistance: 1.0380 - 1.0420 (last Thursday high).
Support: 1.0330 - 1.3000 (psychology level).
On daily chart, we see that it is limited by SMA-100 days on the upside and SMA-200 days on the downside while RSI and MACD suggest buying opportunity.
Resistance: 1.0380 - 1.0420 (last Thursday high).
Support: 1.0330 - 1.3000 (psychology level).
