08.02.2017
USDCAD
The pair is traded lower than 1.3200 level awaiting for the US Crude Oil Inventories data. If the data shows growth in inventories, it will pressure the oil quotes, which in it's turn, can put the Canadian currency under pressure.
The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides under the overbought level. Stoch are lowering.
Trading recommendations: If the pair rises higher than the resistance level 1.3200, further rise to 1.3300 is possible.
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