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USD/CAD: 34 Moving Average acted as support

USD/CAD: 34 Moving Average acted as support

Information is not investment advice

There's a bullish 'Hammer', which has been confirmed. Also, the 34 Moving Average has acted as support. Thus, it's likely that the pair is going to reach the next resistance at 1.3563. If a pullback from this level happens next, there'll be a moment for a downward correction towards the previously tested support at 1.3396.

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USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

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