21.08.2017
USDCAD
The pair is no longer in a downtrend as the crude oil prices are stabilized at a local maximum. If the oil quotes will start correcting downwards (which is likely), the pair will also maintain the uptrend.
The price is below the middle Bollinger band, above SМА, but below SMA 14. RSI is going up, as are Stoch.
Trading recommendations:
If the price passes 1.2600 level as the oil prices undergo correction, the pair may rise up to 1.2680.
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