10.05.2018
USDCAD
The pair has fallen down to the support level amid the recent crude oil price surge due to the tensions between the US and Iran and the possibility of new sanctions, which may lead to reduced oil flow to the world market.
The price resides below the lower Bollinger band, lower than EMA 5 and EMA 13. RSI signals that the fall has slowed down.
Trading recommendations:
If the pair manages to breach the 1.2810 level, there is a possibility it will fall locally to 1.2750.
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