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Technical analysis 14.05.18

USDCAD

The pair is trading above the support level of 1.2750 against the background of the tension between the US and Iran in the Middle East. It will likely encourage the growth of crude oil prices and support the rate of Canada’s currency.

The price is below the middle line …

Technical Analysis 11.05.18

USDCAD

The pair has fallen to the support level of 1.2750 amid the oil price surge that happened after the US withdrew from the Iran nuclear deal. The price resides below the lower line of the Bollinger band borders, lower than EMA 5 and EMA 13. RSI is moving horizontally. …

Technical analysis 10.05.18

USDCAD

The pair has fallen down to the support level amid the recent crude oil price surge due to the tensions between the US and Iran and the possibility of new sanctions, which may lead to reduced oil flow to the world market.

The price resides below the lower Bollinger …

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