FXstreet.com (Barcelona) - After testing MA200 hourly chart level at 1.0420 in the early Asian session, USD/CAD has fallen around 90 pips to test the MA55 hourly at 1.0330 ahead the Canadian investment flow data. Currently the pair is trading around 1.0335/45, 0.55% below today's opening price action at 1.0395.

Foreign investment in Canadian securities in August are expected to rise to $2.97B from 350 millions in July.

Tomas Cedavicius, analyst at Investija.com, comments: USDCAD Short term trend is positive, but resistance acts as a strong barrier for bulls. Resistance level stands as a trend reversal point.

Rajoo C, analyst at Precise Trader, expects a bullish movement: The  Price is trading  Below  Monthly, but Flat at the Weekly  open and  closed  exactly at the Res  Zone 1.The Price on the Hourly is in a Range trading  and expect the price to be choppy until the breakout happens , the price should not trade below 10310-10290   levels to maintain the bullish outlook. On the 5 min is choppy but along the gradual Up Channel and the price patterns still suggesting the upside potential. The Bulls pay attention to 10310-10255  levels while the Bears pay attention to 10425-10500.FED Chairman Speaks Today.  Conservative Traders:  LONG near 10310-10290  with a 50 pips price target or strictly trade only at Precise Traders Report levels.    Aggressive Traders :  LONG  near 10310-10255  levels with  a tight Stop 10425-10500  as potential price targets.

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