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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EUR/CAD is ready for a move

EUR/CAD has formed a couple of higher lows since October. The pair has managed to overcome the 50- and the 100-day MAs at 1.4588 and 1.4640 respectively.

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