Having reached the support level 0.998 where the additional line of the uprising trend is drawn, the USD/CAD pair continued the upward movement.

Presently the main target for purchasers is seen at the resistance level 1.006. In case it has been overcome, the strong signal for Buy-deals will be provided in line with the main trend opening the way to the point 1.012.

The point 0.998 is considered as the support level. Its breakdown will provide the weak signal for Sell-deals against the main tendency and the way to the point 0.992 will open. Relative strength index is located in the X column pointing at the purchasers force.

Axel Rudolph's levels for today:

Pivot point (rotation point): 1.0008

If the price is below the pivot, an asset is considered as bearish.

If the price is above the pivot, an asset is considered as bullish.

Resistance 1: 1.004

Resistance 2: 1.0062

Support 1: 0.9986

Support 1: 0.9954

As long as the main tendency remains downward, today it is recommended to sell the pair after a breakdown of the support level 1.004 with 1.0062 seen as first target.