Did you read our previous report on USDCAD index? If not, click here.
We had strongly recommended,
On USDCAD Index, 50% Correction awaiting ahead because it had overbought in the previous week.
The Technical Indicator STOCH (14, 14, 3, 3) is indicating sell signal on U.S. Dollar / Canadian Dollar pair. FX Traders could take profit at 1.31954 – 1.30478 – 1.29520 levels.
Its price can hike if USD CAD index crossover or close above the resistance level (1.34378), you can see the 1.35500 – 1.37788 levels.
USD CAD has touched the first target 1.31954 level and going for the another one 1.30478 – 1.29520 levels.
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