The USDCAD no major changes from the previous week. The price of the pair continue to rank in the middle region of the channel.
While moving averages continue if to give a clear buy signal RSI is at 30 which represents a critical area of oversold so the trend could be reversed at any time.
In the event of a rise in resistance may be placed at levels around 0.9620.
The couple continues its movement within the channel which has the advantage of providing bases and resistance more accurately.
During the course of this week there are three scheduled listings on macroeconomic issues that may impact on the price. These include the publication of the unemployment rate (both U.S. and Canada), the price index for industrial products in March (Canada) and the price index of raw materials (Canada). There are three points to be analyzed in depth to anticipate changes.