11.05.2018
USDCAD
The pair has fallen to the support level of 1.2750 amid the oil price surge that happened after the US withdrew from the Iran nuclear deal. The price resides below the lower line of the Bollinger band borders, lower than EMA 5 and EMA 13. RSI is moving horizontally. Stoch signal a possible continuation of the fall.
Trading recommendations: If the oil price begins a correction, the pair may rise up to 1.2815. At the same time, a rise will cause the pair to continue falling down to 1.2675 once the level of 1.2750 is breached.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
