Forex: USD/CAD at 1.0515

on Jul 2, 2013
Listen Tuesday July 02nd_: Thus far today the pair has been trading sluggishly, with reluctance to expand beyond yesterday’s range of 1.0486 to 1.0533.

Right now the price is at 1.0515, floating above the MA89 and MA200 on all the 1H, 4H, daily and weekly charts and right at the 89-month moving average, indicative of the recent slowdown in the uptick.
The positive MACD (9, 12, 1) indicates though that the upward movement may extend further.
Resistances: 1.0535, 1.0555 and 1.0575.
Supports: 1.0485, 1.0455 and 1.0425.

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