14.05.2018
USDCAD
The pair is trading above the support level of 1.2750 against the background of the tension between the US and Iran in the Middle East. It will likely encourage the growth of crude oil prices and support the rate of Canada’s currency.
The price is below the middle line of the borders of Bollinger lines, below EMA 5 and EMA 13. RSI is reversing downwards. Stochastic oscillators suggest selling the pair.
Trading recommendations:
Sell the pair after it’s gone below 1.2750 with a possible target of 1.2670–75.
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