Exchange rate still lies below the moving averages with periods of 34, 55, 89 and 144, which are directed downward and points to the continued bearish sentiment, as well as are a number of resistance levels 0.9840/50, 0.9875 and 0.9900.MACD histogram is located in the negative zone and below its signal line, continues to gradually decline, and thereby sends a signal to sell USD / CAD.
Stochastic oscillator is in oversold territory and generates a similar signal as the% K line falls below the% D.
Therefore, as a confirmation of what the forex market in a given currency pair again could increase bearish sentiment, we can only wait for the breakdown of a local minimum of 0.9750, which will open the path to levels of 0.9710/00 and 0.9660/50.
Resistance levels: 0.9790, 0.9815, 0.9840/50, 0.9875
Current Price: 0.9759
Support levels: 0.9750, 0.9710/00, 0.9660/50, 0.9610/00
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