USDCAD Bearish, Beware of resistance at 1.3250 - USDCAD bias to bearish opportunity, especially if the price holds below the MA 50-100-200 signal in the 4 hours chart. But potentially bearish movement is limited due to the stochastic indicator is in the overbought area.
To the downside, immediate support seen at 1.3115 area, breaking down of the area prices could move further bearish pressure testing to 1.3050 area before aim for 1.2990 strong support area. To the upside, fig 1.3180 is the level closest resistance, penetrated to the top of the area the price is likely to move neutral because the least hint tested to the area of 1.3250, back through to the top of the area 1.3250 price get momentum for the bullish movement test to an area of strong resistance at 1.3350 ,
Resistance levels: 1.3180, 1.3250, 1.3350
Support levels: 1.3115, 1.3050, 1.2990
