USDCAD Weekly Forex Forecast 1st December to 7th December by yshashmi37 on

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.3180 would begin in Midterm.
Technical analysis:

While the RSI support #1 at 53 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 1.3180 on 11/22/2018, so more gains maximum to Trend Hunter Sell Zone (1.3265 to 1.3385) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 61.

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