Currency exchange rate is above the moving averages with periods of 34, 55, 144 and 89, which are levels of support 0.9960/50 and 0.9940/30.MACD histogram is located in the positive zone and above its signal line, continues to gradually rise, and thus sends a signal to buy USD / CAD.
Stochastic oscillator out of an overbought zone and forms the opposite signal, since the% K line crossed the line% D top-down and started to fall below it.
The contradiction in the signals that serve indicators, leads us to the fact that the most correct decision now - to stay out of the forex market and focus on the next strong support and resistance levels.
There are two options:
1. Break of 1.0030 resistance level and the growth of USD / CAD to the levels of 1.0070 and 1.0100/10.
2. Break of 0.9990/80 support level and lower USD / CAD to the levels of 0.9950, 0.9930 and 0.9900.
Resistance levels: 1.0030, 1.0050, 1.0070, 1.0100/10
Current Price: 1.0003
Support levels: 0.9990/80, 0.9960/50, 0.9940/30, 0.9900
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