TECHNICAL ANALYSIS BY NSFX 19.07.2015
The rate rose above the multiple top 1.2824 and reached 1.3007. In case UsdCad will win this static resistance is likely a test of 1.325, a level traded back in 2008 when UsdCad soared. Is possible that the pair will make a pullback at 1.2824 and if should trade below this level it might slide to test the demand line that links higher lows. The RSI indicator is overbought and the rate is trading above the most relevant moving averages.