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Message: [QUOTE="MikhailLF, post: 152011, member: 42242"] [b]LiteForex analitics. USD/CAD: general review[/b] Current trend Quotes of the instrument grow amid yesterday's weak data on Canada's GDP. GDP growth MoM stopped and amounted to 0.0% in July against 0.5% a month earlier. YoY the indicator in Q2 was higher than the previous values and amounted to 2.9%, but an increase of 3.0% was expected. Investors reacted to this by active sales of the Canadian currency, so the rate jumped to the level of 1.3022. CAD is also pressured by the uncertainty of the country's position regarding the trilateral trade deal with the US and Mexico. Canada's accession to the deal looks most likely, but there's no official position of the government on this issue so far. The final decision is expected on Friday. If Canada agrees to a deal, CAD will receive support, and we will see a decline in the instrument. The refusal will push the quotes even higher. Support and resistance Technical indicators on H4 chart generally indicate the preservation of growth potential. Bollinger Bands diverge, indicating an active continuation of the current trend. MACD histogram is actively declining in the negative zone, forming a buy signal. Stochastic's lines are directed upwards. Support levels: 1.3000, 1.2970, 1.2939, 1.2908. Resistance levels: 1.3031, 1.3061, 1.3092, 1.3122. Trading tips Buy positions may be opened above the level of 1.3031 with targets at the area of 1.3061-1.3092 and stop loss at 1.3010. Sell positions may be opened below 1.3000 with targets at 1.2970-1.2939 area and the stop loss at 1.3020. Implementation time: 1 day. [IMG]http://s1.radikale.ru/uploads/2018/8/31/9a2ca6bce3dc64a9e7a332e3dd3e270c-full.png[/IMG] [/QUOTE]

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