USDCAD Weekly Forex Forecast 24th November to 30th November 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 1.3130 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 peak is formed in daily chart at 1.3320 on 11/20/2018, so more losses to support(s) 1.3225 and minimum to Major Support (1.3130) 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 57.

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