03.08.2016
USDCAD
The pair is breaching 1.3130 resistance level. Should the fall in oil prices continue, as well as growth in US oil supply and positive data from ADP will provide the pair with additional support.
The price is higher than the missle Bollinger band, higher than SMA5 and SMA14. RSI is higher than 50% level and rising. Stoch are in the overbought zone.
Trading recommendations: Buy the pair considering a possible move to 1.3235.
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