04.04.2017
USDCAD
The pair is once again testing the strong resistance level of 1.3400 amid the strong US Dollar positions, supported by the strong economic statistics and inability of oil prices to continue the rally that began end of the last year.
The price is higher than the upper Bollinger band, higher than SMA5 and SMA14. RSI resides higher than 50% level and rising. Stoch are in the overbought zone.
Trading recommendations:
The breach of 1.3400 and fixation above it, will allow the price to keep rising up to 1.3500 and 1.3515.
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