Sasha Singh
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USDCAD : Gain Seems Limited

USDCAD : 4 Hour Chart

USDCAD on the 4 hour chart is signaling that the pair might break above the resistance at 1.0818 which it is currently testing. The 100 day SMA is moving above towards the 200 day SMA and might cross above it. If it does so the pair will continue to follow uptrend for a while. 50 day SMA is also heading in the same upward direction showing that the investors are aligned in the short term.

USDCAD : Daily Chart

If looking at the daily chart however, the gain seems limited as the 100 day SMA is heading down towards the 200 day SMA and 50 day SMA is also heading in the same direction already below the 200 day SMA.  Thus the pair might break the resistance at 1.0818 but it will again find resistance at 1.0859 and might decline.