Exchange rate still lies below the moving averages with periods of 144, 89, 34 and 55, which are almost uniform level of resistance of 0.9930/40.MACD histogram is located in the negative zone, but above its signal line, continues to gradually rise, and thus sends a signal to buy USD / CAD.
Stochastic Oscillator is in the neutral zone and forms are not clear, but the opposite signal, since the% K line only crossed the line% D top-down, but not yet started 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 0.9930/40 resistance level and the growth of USD / CAD to the levels of 0.9980 and 1.0000/10.
2. Break of 0.9870/60 support level and lower USD / CAD to the levels of 0.9835 and 0.9810/00.
Traders recall that today at 15:00 PM. will be published the important fundamental data for Canada (the change of employment and unemployment in January this year), which may have a strong influence on the further developments in this currency pair, in addition, at 16:30 MSK will be published the important fundamental data - change in the number of people employed in U.S. non-farm sector, which will have a strong influence on the entire forex market.
Resistance levels: 0.9930/40, 0.9980, 1.0000/10
Current Price: 0.9898
Support levels: 0.9870/60, 0.9835, 0.9810/00
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