The overall trend is downward. The currency pair is trading in the upper edge of the descending price channel. An ascending truncated H2 level pattern has formed. A bearish divergence has formed on Awesome Oscillator.
: monitor the price movement in real time.
Trading recommendations:
Sell …
The price pivot zone of 38.10 holds back sellers. Awesome Oscillator shows a bullish divergence. The nearest resistance level is 38.70.
: monitor the price movement in real time.
Trading recommendations:
Buy above 38.70.
Stop Loss under the support level 38.10.
Target levels: 40.00; 41.10.
The pair remains in a very narrow range of 1.3480–1.3630 ahead of the OPEC+ meeting on crude oil supply regulation, as well as the Bank of Canada’s monetary policy meeting this week.
Technical side:
The price is on the middle Bollinger band, on the level of SMA 5 and …
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