15 Jul 2014
USD/CAD en-route to build new leg up?
FXStreet (Bali) - USD/CAD is trading at 1.0723, up 0.13% since the close of New York markets, having posted a daily high at 1.0728 and low at 1.0707.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is neutral. At the time of writing, RSI is neutral at 66.07, up from 55.99 at the last hour close, while ADX is ranging at 27.82, up from 26.73 previous. Meanwhile, daily RSI is in neutral territory at 45.84.
According to Peter Fell from FXBeat: "Decent corporate selling interest remains in place between 1.0750/60 and stops have been placed above 1.0765. Resistance seen 1.0751. 38.2% fibo on the 1.0961 / 1.0621 fall, 50% fibo on the same move is at 1.0791 and the 200DMA is at 1.0813. Support is seen at 1.0699, 38.2% fibo on the 1.0621/1.0747 rise, 1.0684 is the 50% fibo on the same move."
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is neutral. At the time of writing, RSI is neutral at 66.07, up from 55.99 at the last hour close, while ADX is ranging at 27.82, up from 26.73 previous. Meanwhile, daily RSI is in neutral territory at 45.84.
According to Peter Fell from FXBeat: "Decent corporate selling interest remains in place between 1.0750/60 and stops have been placed above 1.0765. Resistance seen 1.0751. 38.2% fibo on the 1.0961 / 1.0621 fall, 50% fibo on the same move is at 1.0791 and the 200DMA is at 1.0813. Support is seen at 1.0699, 38.2% fibo on the 1.0621/1.0747 rise, 1.0684 is the 50% fibo on the same move."