FX.co ★ Technical analysis and trading recommendations for the USD / CAD currency pair as of May 28, 2018

The currency pair USD / CAD, gaining from the range of 1.2730 / 1.2748, jumped up, returning the quotation to the psychological level of 1.3000. Now, we see a slowdown with the formation of two-digit candles like "Doji". Probably assume temporary wagging within the level, wherein the case of the next working out, in terms of resistance, we will roll back to the values of 1.2930 / 1.2900.

At the same time, traders should not exclude the variation of long positions, in case the "bullish" interest does not fall and the quotation will be able to firmly fix above the level of 1.3000.

Signals

- Buy a pair of worth considering after a clear fixation above the level of 1.3000, with the prospect of a move to 1.3090 / 1.3110.

- The sale of a pair should be considered after fixing the price below 1.2955, with the prospect of a move of 1.2930 / 1.2900.