USDCAD intraday technical analysis - 29/06/2017

USDCAD

1.29573 / 1.29583

SUMMARY

Down

TREND

Down trend

MA10

Bearish

MA20

Bearish

STOCHASTIC

Neutral

MARKET ANALYSIS

Upwards scenario: Ascending structure remains in focus on the bigger picture. Next resistance is seen at 1.3048 (R1). Break here is required to clear the way towards to higher targets at 1.3092 (R2) and 1.3138 (R3).
Downwards scenario: Gradually price is approaching an important support level at 1.3004 (S1). Clearance here would enable lower target at 1.2960 (S2) and any further market weakening would then be limited to final support at 1.2915 (S3).

Resistance levels: 1.3048 , 1.3092 , 1.3138

Support levels: 1.3004 , 1.2960 , 1.2915