USDCAD intraday technical analysis - 13/08/2018

USDCAD

1.27565 / 1.27572

SUMMARY

Up

TREND

Upward penetration

MA10

Bullish

MA20

Bullish

STOCHASTIC

Neutral

MARKET ANALYSIS

Upwards scenario: Price tag at 1.3213 (R1) acts as next resistive measure on the way of ascending structure. Break here would enable higher targets at 1.3264 (R2) and 1.3317 (R3) later on today.
Downwards scenario: On the other hand, risk of correction development is seen below the support barrier at 1.3103 (S1). Break here is required to enable our intraday targets at 1.3055 (S2) and 1.3011 (S3) on the downside.

Resistance levels: 1.3213 , 1.3264 , 1.3317

Support levels: 1.3103 , 1.3055 , 1.3011