Support levels: 1.0105, 1.0093, 1,0010
Resistance levels: 1.0215, 1.0288, 1.0468
USD/CAD falling from 1.0741 was put on hold by the support level at 1.0105 after that there is a slight correction. Presently, the currency pair has been testing the resistance level at 1.0215, its break through will boost it to 1.0288. If USD/CAD breaks through this resistance level, it will mean that falling from this mark is finished and rising to 1.0741 should be expected. However, now the pair is considered bearish as reported earlier the support level break through at 1.0150 targeted the pair to 1.0010 but the downward movement can be restricted in near the mark 1.0093.
In favor of the downward movement comes the fact that EMA (55) was confidently broken through, and MACD is lower than the signal line at 4-hour graph.
As it was mentioned earlier the outbreak of Fibonacci correction level 61.8 from 1.0779 to 0.9930 to 1.0452 shows that mid term bottom formed at 0.9930. In a mid term a break through of important resistance level at 1.0779 will lead to uprise of the currency pair to Fibonacci correction level 38.2 с 1.3063 to 0.9930 to 1.1126. In favor of upward movement comes MACD standing above the signal line.