09.02.2018
USDCAD
The pair is trading above the mark of 1.2575 amid low crude oil prices and general investors’ withdrawal from the market.
The price is above the middle line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is below the overbought zone and is moving horizontally. Stochastic oscillators are not informative.
Trading recommendations:
If the pair doesn’t go below 1.2575, it may experience a local growth up to 1.2665.
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