Forex

The Canadian dollar bargains the third week within the limits of a short-term descending correctional trading corridor and at the same time the current rate is in frameworks of an ascending triangle (since July of this year). Today at the Asian session it was possible to observe testing resistance level 1.0530 which and has not been break, but bulls do not surrender and at present the current rate bargains near the given level.

Sliding averages 89, 34 and 55 are the nearest levels of support 1.0500, 1.0470 and 1.0450. Histogram MACD is in a positive zone and specifies in possible growth of the American dollar in relation to the Canadian.  

Sliding average is the further considerable level of the resistance 1.0550 which breakdown can strengthen considerably the bull moods on given currency pair. In that case the further purposes of bulls will be located on 1.0600/10 and 1.0670.  

Resistance levels: 1.0530, 1.0550, 1.0575 1.0600/10, 1.0640, 1.0665, 1.0700  

Current price: 1.0513  

Support levels: 1.0500, 1.0480, 1.0460, 1.0440, 1.0420, 1.0400 1.0385/75, 1.0365