Sasha Singh
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USDCAD : Trimming Some of its Gains But Uptrend Remain Intact

USDCAD : Weekly Chart

USDCAD trimmed some of its gains today as investors turned their attention to non-farm payroll data and ECB guidance on future monetary policy. The pair declined even after the upbeat Unemployment claims data. On the weekly chart the pair is currently testing the key resistance at 1.12204. Also there is a rising support trend line which is prevent the pair is declining below it since a long time. The moving averages are also signaling an uptrend continuation.

USDCAD : Daily Chart

On the daily chart we can see that pair may find support from 1.1098 and 1.0991 before declining to the rising support trend line.

USDCAD : Hourly Chart

On the hourly chart, the pair found support at 1.1087 and again trying to rise towards the resistance at 1.1220. Before reaching there it might find resistance at 1.1175 which earlier also provided resistance to the pair.