USDCAD intraday technical analysis - 18/10/2017

USDCAD

1.31791 / 1.31798

SUMMARY

Up

TREND

Upward penetration

MA10

Bullish

MA20

Bearish

STOCHASTIC

Neutral

MARKET ANALYSIS

Upwards scenario: Possibility of uptrend penetration is seen above the next resistance level at 1.2534 (R1). Clearance here might enable bullish pressure and let the price to achieve our intraday targets at 1.2563 (R2) and 1.2591 (R3).
Downwards scenario: On the downside our attention is shifted to the immediate support level at 1.2494 (S1). Break here is required to enable bearish forces and expose our intraday targets at 1.2465 (S2) and 1.2437 (S3).

Resistance levels: 1.2534 , 1.2563 , 1.2591

Support levels: 1.2494 , 1.2465 , 1.2437