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Main » 2016 » August » 7 » USD / CAD forecast for today 08/08/2016
USD / CAD forecast for today 08/08/2016



As it became known, in Canada jobs decreased last month, with the downward trend has been observed for the second consecutive month. According to the data, the unemployment rate increased, as the decline in full-time employment in the country has reached a peak in the five-year period. On the other hand, a couple of news from America was supported by growth in the number of jobs outside the agriculture sector.




Current situation

On Friday, the USD / CAD pair closed the trading growth. The tool was able to grow in the area of ​​1.3200 on the day. Resistance is located at 1.3200, support - at 1.3100.


Indicators form a buy signal. MACD is in the positive zone. Histogram rose, indicating the strengthening of customer positions. RSI close to overbought.


On the 4-hour chart, the price is above the moving average 50, 100 and 200. The moving averages are pointing upwards.


Forecast USD / CAD

If the pair breaks the level of 1.3200, the growth may continue in the area of ​​1.3300.




Fort Financial Services



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