Analysis of USD / CAD:
The USDCAD is in a clearly bearish phase and moves into a channel that is in force since August last year. At first glance does not seem to signal changes in the short term at least, although there are no signs that allow to conjecture.
When you perform a quick analysis moving averages do not provide a clear signal, it must wait for the opening of the market to find a clue.
The RSI is at a warning about the possibility of setting up a buy signal since 38.13 mark. If this falls below 30 should be alert because the expected signal may occur.
If the price increases can be expected at first levels close to 0.9687 and then having a second resistance around 0.9970.
The volume is within the levels in effect since early this year.
This pair should be followed closely because it seems that soon will make a buy signal.
