USDCAD analysis for 11.09.2020

Capacity utilization will be reported in Canada and there will be some reports in the US such as Consumer Price date.

The pair is finding support at 1.31430 with resistance at 1.32020 which both lines are above the weekly pivot point at 1.301720. The EMA of 10 is moving horizontally in the descendant channel and it is located below the EMA of 200 and above the EMA of 100. The RSI is falling towards level 50, the MACD line is below the signal line in the negative territory and the Stochastic is moving in high ranges. The ADX is showing sell signal. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a horizontal trend and the Kijun-sen is showing an upward trend.
Long positions are recommended towards 1.3225.

usdcad
Source: fxglory