USDCAD intraday technical analysis - 11/12/2018

USDCAD

1.34103/1.34109

SUMMARY

Up

TREND

Upward penetration

MA10

Bullish

MA20

Bullish

STOCHASTIC

Neutral

MARKET ANALYSIS

Upwards scenario: Further upwards formation is limited to resistive measure at 1.3437 (R1). A break above it would suggest next intraday target 1.3475 (R2) and if the price holds its momentum we can expect price increase towards to final resistance at 1.3513 (R3).
Downwards scenario: Next barrier on the downside is seen at 1.3380 (S1). Break here would open way towards to next intraday target at 1.3337 (S2) and then final aim locates at 1.3296 (S3).

Resistance levels: 1.3437 , 1.3475 , 1.3513

Support levels: 1.3380 , 1.3337 , 1.3296