30.11.2016
USDCAD
The pair is standing still prior to the OPEC summit relusts announcement. The market doubts a positive outcome, but the hope is still there.
The price is lower than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides lower than 50% level and moving horizontally. Stoch are turning upwards.
Trading recommendations: Positive news from the OPEC will lead to a local contraction around 1.3360 amid oil prices surge. Negative news will support the pair and can cause a rise up to 1.3585.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
